03 July 2018
My father who is an ex employee of a Central PSU. He has retired in 2017. They have medical expenses reimbursement scheme under the 'Post Retirement Medical Benefits Scheme' from their company after retirement. Hence, he has not taken any medical/health insurance.
Now I would like to seek your kind clarification whether my father is eligible income tax exemption for the medical expense reimbursement upto Rs. 15000.00 which was reimbursed by their company.
04 July 2018
Pension income shall be considered part of salary income. Thus the deductions which was availed in salary will also be applicable for pension income