Sir
I am expecting Salry 6 lakh For the F. Y 2015-16 and 10 lakh for my wife Cancer Treatment
HOw much Tax to paid for this year ? Medical allowance 10 Lakh is Taxable or not ?
Thanking U
Lakshmisha
Lakshmisha. B. S (assisstant) (92 Points)
24 November 2015Sir
I am expecting Salry 6 lakh For the F. Y 2015-16 and 10 lakh for my wife Cancer Treatment
HOw much Tax to paid for this year ? Medical allowance 10 Lakh is Taxable or not ?
Thanking U
Lakshmisha
CA Amit kumar gupta
(Practice)
(64 Points)
Replied 25 November 2015
Medical allowance is taxable of Rs.10 lakh, but you can claim of rs. 15000 on your expenses in medical.
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