Guys,
Medical reimbursement upto Rs.15,000/- is allowed as an exemption. What if the employer company follows such a practise,
The company gives Rs.10,000/- as an allowance, the re,aining 5,000/- is released over and above that 10,000/- by way of reimbursement. The company reimburses 5,000/-, only if the employee submits bills for the entire 15,000/-.
The above method is being followed bt one of the leadfing software company.
In such a case, will the entire 15,000/- be exempted or only Rs.5,000/- will be exempted since it is in the nature os reimbursement?
CAclubindia
