Reimbursement of medical expenses
This query is : Resolved
14 July 2017
Ours is a government organisation... we have our own dispensary and we follow cghs rules... our employees take outside medicines and the same is getting reimbursed.... and many are fake... as an accounts person i have tried maximum to find out the genuine cases.... some time reimbursements crosses 6000 per month... these are not shown in it calculation by our department.. I feel since they are paid 72000 for a financial year the exemption is 15000 and rest should come under tax bracket...i request your advice...it is towards outpatient medical exp...
14 July 2017
That's correct. Amount exceeding 15,000 is taxable & should be included for tax purpose.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- RCM INVOICING FROM NOV-2024
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
