What is the IT rule for claiming Deduction under Medical Re-imbursement for a salaried person?
Thanks in advance
Sandeep Himatsingka (SCM-Head) (85 Points)
15 May 2012What is the IT rule for claiming Deduction under Medical Re-imbursement for a salaried person?
Thanks in advance
ankita Goyal
(Student CA Final)
(113 Points)
Replied 15 May 2012
so other than above the medical facility is taxable in hands of employee.Treatment amount ,reimbursement , unapproved /non govt Hospital other than as explained in point no 2 above up to 15000 is not be included in salary and amount in excess of 15000 is to be included in employee's salary.
Read more: https://www.simpletaxindia.net/2009/02/valuation-of-medical-facilities-to.html#ixzz1uuk71bZS
Sandeep Himatsingka
(SCM-Head)
(85 Points)
Replied 15 May 2012
Rs.15,000/- would be re-imbursed in 1 acctg yr or @ 1250=00 per month?
ankita Goyal
(Student CA Final)
(113 Points)
Replied 15 May 2012
THERE IS NO AS SUCH RULE THAT AMT SHOULD BE PAID ON PER MONTH BASIS. IT CAN BE PAID AT ONCE AS WELL.
Sandeep Himatsingka
(SCM-Head)
(85 Points)
Replied 16 May 2012
i.e. Can it be like I submit bills of 31-March-2013 & claim deduction to the tune of Rs.15000 for the acctg yr 2012-13?
ankita Goyal
(Student CA Final)
(113 Points)
Replied 16 May 2012
YES YOU CAN SUBMITT THE BILLS AT THE END OF THE YEAR AT ONCE.
Sandeep Himatsingka
(SCM-Head)
(85 Points)
Replied 16 May 2012
Ankita,
IPls solve my queries posted in forum under subject "Company's mobile".
Live class on PF & ESI Enrollment & Returns Filing(with recording)