Medical deductin
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 March 2012
DEAR SIR,
I GOT MEDICAL ALLOWANCE-36000.00
I PAID MY MEDICAL BILL FOR RS.25000.00 + RS.25000 FOR MY FATHER
HOW MUCH AMOUNT IS DUDUCTIBLE
I GOT MEDICAL ALLOWANCE-36000.00
I PAID MY MEDICAL BILL FOR RS.25000.00 + RS.25000 FOR MY FATHER
HOW MUCH AMOUNT IS DUDUCTIBLE
29 March 2012
Fix medical allowance is always taxable and hence in your case nothing is deductible form your salary income.
However you can arrange with your employer to give Rs.36000 against your submission of medical bill instead of medical allowance.In which case Rs.15000 is deductible if medical treatment is availed in private clinic.
Thanking you
CA.Nilang A Dalal
Mob.09374821453
However you can arrange with your employer to give Rs.36000 against your submission of medical bill instead of medical allowance.In which case Rs.15000 is deductible if medical treatment is availed in private clinic.
Thanking you
CA.Nilang A Dalal
Mob.09374821453
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Payment of bonus act - notice pay recovery
- MIS MATCH OF INVOICE NUMBER
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
