Salary
This query is : Resolved
17 March 2011
Sir,
We provide to employee 15000 Medical Reimbursement Against this he provide to us medical bills now it is exempt.
If he paid medical insurance premium 15000 u/s 80D then also this will be exempt??
We provide to employee 15000 Medical Reimbursement Against this he provide to us medical bills now it is exempt.
If he paid medical insurance premium 15000 u/s 80D then also this will be exempt??
17 March 2011
Exemption for reimbursement of medical expenses is covered by Section 17. While Section 80D covers medical insurance premium paid. Both are different in character also. Hence exemption u/s 17(2) for reimbursement of medical expenses (subject to conditions in that section) and deductio0n under section 80D for mediclaim insurance premium is allowed simultaneously.
Message likes :
1 times
17 March 2011
Yes. Provided the employee gives you all the supportings and the expenses and / or premium is incurred and / or paid by employee for himself or his family members as defined in section 17(2) and 80D.
Message likes :
1 times
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?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- 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 ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
