07 January 2013
Dear Sir , but i want to further ask you that Medical Reimbursement made by his Co. to their employees whether medical reimbursement perquisite is include Salary package or excludes so what is it's tax treatment kindly clarify ?
07 January 2013
In case if a fixed monthly amount is given to employees then it will be termed as medical allowance which is fully taxable. In case employees submit bills of medical expenses and the company reimburses such payments then they are exempt to the extent of Rs. 15000/- p.a. any reimbursement in excess of Rs. 15000/- shall be taxable.