14 March 2013
dear sir, one of our empolyee in our company has medical allowance of Rs.17500/-- he has claimed Rs.7500 balance avaible Rs.10000/-- during visit to site in tamil nadu he had undergone medical treatment while in the site he goted the expenese of Rs.17500/-- now magmt had taken the decision that balance avaible in medical allowane will deducted from his account balance will paid by company account. 1)Rs.2500/- taken in income tax or Rs.10000/-- as medical limit is Rs.15000/--
15 March 2013
one of our employee goted manner heart attack during working in the site and he inccured the medical expenses of Rs.17500/--
company give medical allowance of Rs.17500/-- in every year depend upon the grade.
now the empolyee had already claimed Rs.7500/-- balance available is Rs.10000/--
magmt had taken the decision that balance avaible in medical allowane will deducted from his account i.e Rs.10000/-- balnce Rs.7500/-- from company account.
now qusetion is how much amount should be consider in his income tax/ taxable ?
17 March 2013
As you said that employee got hear attack during working and employer borne the expense, I think nothing is taxable in the hands of employee as Employer has just discharge his liability in this case.
CAclubindia
