Medical expense

This query is : Resolved

nambi konar (Querist)
Follow

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/--

Santosh Mishra

Santosh Mishra (Expert)
Follow

14 March 2013 Hi Nambi

Sorry but your query is not clear.

Had he got any injury during his visit to site and incurred some expenses?

nambi konar

nambi konar (Querist)
Follow

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 ?

as maxium limit is Rs.15000/-- above is taxable.

Upgrade to CAclubindia Pro. Subscribe Now!

Santosh Mishra

Santosh Mishra (Expert)
Follow

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.