Perquisites


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Querist : Anonymous

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Querist : Anonymous (Querist)
07 August 2013 Query:- Perquisite value of medical expenses.

If any company (manufacturing unit at a remote location)reiumburse medical related expenses to their employees. In said case medical expenses include following:-

1. Medicine cost, doctor fees, hospitalisation charges and any other charges paid in hospital/clinic (like different testing charges, OT charges, etc.). Please note hospital is not owned by said company.

2. To & fro transportation charges (like train fare, local conveyance etc.)

3. Fixed travelling charges for compensating fooding, staying & other misc expenses for patient & attendants.

Please also note all above expenses are reiumbused in all medical cases.

Please advise on taxability of above expenses as per Income Tax law. Whether exemption of rs. 15000/- is also allowed for travelling & fixed travelling expenses (mentioned in point no. 2 & 3). Also provide basis of your advise (like details of section/rules, notification or case law).


Thanks

11 August 2013 In my view item 1 -Medical Reimbursement
Item No 2&3- Expenses incurred U/s 37(1).
.

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 August 2013 Dear Sir,

I am asking about tax liability in the hands of employee.


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