07 March 2011
As per rule 3 of income tax rules medical perquisite outside india in respect of medical treatment &stay is exempted upto amount permitted by rbi.What amount permitted implies?
07 March 2011
How much foreign exchange can be drawn for medical treatment abroad?
Ans. AD Category I banks and AD Category II, may release foreign exchange up to USD 100,000 or its equivalent to resident Indians for medical treatment abroad on self declaration basis, without insisting on any estimate from a hospital/doctor in India/abroad. A person visiting abroad for medical treatment can obtain foreign exchange exceeding the above limit, provided the request is supported by an estimate from a hospital/doctor in India/abroad.
An amount up to USD 25,000 is allowed for maintenance expensesof a patient going abroad for medical treatment or check-up abroad, or to a person foraccompanying as attendant to a patient going abroad for medical treatment/check-up.
The amount of USD 25,000 allowed to the patient going abroad is in addition to the limit of USD 100,000 mentioned above
This excerpt has been reproduced from FAQ on RBI web-site.
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