04 December 2010
MY COMPANY PAY MEDICAL REMBURSHEMENT AGAINST (MEDICAL BILL PAYMENT )I WANT TO KNOW IS IT TAXABLE FOR ME & IT IS TAXABLE FOR COMPANY IN ANY ACT
04 December 2010
Reimbursement upto 15000/ is not taxable in your hands. Suppose your company reimburses Rs 45000/, Rs30000/ will be taxable allowance in your hands.
If payment or reimbursement is in your service agreement , amount reimbursed can be claimed as expense.
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