Medical bill reimbursement

Datta Gore (Exe-Taxation) (54 Points)

12 January 2010

Collection of medical bills is compulsory for giving exemption of Rs 15000/-

What is act say...........

any circular is there ? or what is supporting...............................

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7 Replies

Amir (Learner) (4016 Points)
Replied 12 January 2010

Dear Datta Gore,

Yes since it is a reimbursement & not an allowance..

CA Radhika Arde (Chartered Accountant) (67 Points)
Replied 12 January 2010

Yes Bills are compulsory.........As it is Reimbursement...

Krutesh Patel (ACA) (727 Points)
Replied 12 January 2010

The company has to confirm that actual expenses are incurred for medical expenses.

Vinod Nayak (Regional Manager - Finance) (69 Points)
Replied 13 January 2010

Medical bills are to be submitted since it is reimbursement of expenses incurred

Batul (Article assistant) (207 Points)
Replied 16 January 2010

Since it is reimbursement the company must be made knowledgable regarding the actual occurrence of an expense hence the bills will be compulsory

PRAVEEN KUMAR (MBA (Finance) B.Com.(P)) (3443 Points)
Replied 16 January 2010

Since it is reimbursement of Expenses, bills are required required.

Nimit (Article) (47 Points)
Replied 17 January 2010

Yes

Since its an Reimbursement and exemption of Rs 15000/- is provided on Reimbursement of Medical bills

Medical Allowance is taxable.

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