Hi All,
Please let me know if medical allowance can be deducted while preparing ITR-1 from Form 16, even if the bills are not submitted to the employer?
Thanks & Regards,
Ankit
11 Replies
CA.Varalakshmi.M
(Manager-Finance)
(482 Points)
Replied 04 July 2012
Fixed medical allowance is always taxable.
When there is any reimbursement of medical expenses already u have incurred ,they are exempted upto Rs.15000/- per year
Ankit
(Professional)
(82 Points)
Replied 04 July 2012
But if you provide the medical bills then we can get an exemption under Sec 17 (2)
CA.Varalakshmi.M
(Manager-Finance)
(482 Points)
Replied 04 July 2012
S ankit ur rite,if u provide the bills,exempted upto Rs.15000/-.P.A
Ankit
(Professional)
(82 Points)
Replied 04 July 2012
But my question is ... Is it mandatory to provide the bills to the employer ?
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 04 July 2012
MEDICAL ALLOWANCE IS TAXABLE
CA.Varalakshmi.M
(Manager-Finance)
(482 Points)
Replied 05 July 2012
Yes,It is manadatory to provide the medical bills to employer to get deduction of medical allowance.
CA.Varalakshmi.M
(Manager-Finance)
(482 Points)
Replied 05 July 2012
As per Act, Fixed medical allowence appears in pay slip is always taxable irrespective of wheather you have submitted bills or not and Wheather you have incurred any medical expenses or not
But in Practice to the benifit of employees ,employers are accepting bills from employees and they are showing it as an exemption Upto Rs.15000/- p.a just like medical reimbursement.It is just a practice not a rule.
CA PRAVEEN SINGH
(MANAGER ACCOUNTS)
(2277 Points)
Replied 05 July 2012
| Originally posted by : M.Varalakshmi | ||
 |
Fixed medical allowance is always taxable. When there is any reimbursement of medical expenses already u have incurred ,they are exempted upto Rs.15000/- per year |
 |
yes agree...
Ankit
(Professional)
(82 Points)
Replied 06 July 2012
There are mixed commnets..Some say its allowed and some dont .
Recent Topics
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
Related Threads
CAclubindia
