Medical Expenses Exemption

Rahul Kulkarni (Sales Manager) (57 Points)

30 July 2010  

Dear all,

I have one query,

If the company is paying Rs. 5,000/- as Medical Allowance for the year to an Employee, and the Expenses incurred by him of Rs. 20,000/-, then how much exemption of Medical Expenses will get to him at the time of filling the Income Tax return, as the Medical Exemption limit is Rs. 15,000/-.

As he has the only income from salary, and no other income is gaining by him.

Plz, tell at the earliest. Most Urgent

 

Rahul

Sr. Accountant