I am going to join new company from Dec 09. My CTC includes "Reimbursement of medical expenses" worth Rs 1250/- p.m. The said amount will be paid to me against the submission of medical bills. if I don't provide the bills then it will be paid at the end of the year after deducting the Income Tax. Now my question is, my mother underwent heavy medical treatment & I have medical bills worth Rs 1.00 lakh but they are pertaining to Sept 09. So can I submit these bills to my new company & claim the reimbursement against these bills becasue when I incurred this expenses, I was not in this company. Can I claim these bills till 31-03-2010
23 November 2009
Please note that you were not in Employee employer relationship at time of reimbursement of Medical Exp. Also, expenditure were incurred before you become eligible to reimbursement of such exp. So, according to me, TDS is deductible. Therefore, all medical exp. incurred after joining the company are eligible for non deduction of TDS. Please correct me if I m wrong .
23 November 2009
As a employer your company will not take those bills as the date for those bills before you join to the current employer. So let them deduct the TDS part & then you claim that medical reimbursement in your personal income tax return.