23 May 2011
i have incurred 50000 as medical expenses of my dependent. i submitted the medical claim to my employer. i got 40000 as medical reimbursement. balance 10000 borne by me. can i claim the same (10000) as medical expenses under medical expenses of rs 15000/-
24 May 2011
In case expenses incurred for the treatment in a recognised or approved hospital, which are generally Govt. Hospitals, and if the amount reimbursed is against the said expenses, Rs. 40000/ will be exempt.
In the present case, where it seems to be a reimbursement against medical bills, amount taxable in your hand would be Rs 25000/-. i.e. 40000- allowable amount 15000/-.
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