XVII Medical Reimbursement by the employer exceeding Rs.15,000/- p.a. u/s 17(2) is to be taken as perquisite.
Kindly illustrate and explain, whether
(i) value of med exp is exempted? (ii) reimbursement upto 15000 is exempted?
because, I have a case in hand, wherein, an employee after taking treatment for cancer in r/o his wife at a govt hospital at TVM has reimbursed the whole treatment for an amount of Rs. 2,09,000/- and above. now he says the whole amount is exempted from tax.
CAclubindia
