Our company has included Medical reimbursment in the CTC. SO in the salary slip every month specific amount is shown as medical reimbursement.
Now at the close of fianancial year suppose if an employee does not submit the medical bills thn what can be done about the medical reimbursments that has been included in the salaty structure?
Can we show that amount in Form 16 as Medical reimbursment in Sec 10 allowances exempt from tax or will that be fully taxable?
Also advsie if the bill submitted are less than 15000 then what amount to be shown in the Form 16.
CAclubindia
