CA Naveen Kumar Mavi ( CA - JOB CS Final & Graduated B.COM(H)) (246 Points)
01 May 2010
Where can i show the Medical reimbursement in form 16? Rs.15000 was reimbursed to an employee (which is fully deduictible). please advice me. ASAP
RAMESH KUMAR VERMA
( CS PURSUING )
(43853 Points)
Replied 01 May 2010
navin mavi ji,
you can download this form from google website.
Reimbursement of medical expenses upto Rs 15,000 is a tax free perquisite. it shown in the gross salary in form 16 and then allowed as a deduction or there is no need to include this in the gross and no question of deduction at all. If in gross then under which head :
salary under section 17(1)
value of perquisites under section 17(2)
profits in lieu of salary under section 17(3)
CAclubindia
