can anybody tell me about the how the tax implication will be on Mediclaim recevebels for employees of the company and ...when it will be treated as perquisites..
pls suggest ....
Perquisites are included under the head “Salaries” while filing income tax returns. Taxpayers should note that perquisites are fully taxable if it is in the form of medical allowance. However, reimbursement of medical expenses incurred by an employee shall be excluded from income tax.
and for first query you should elaborate in details
CAclubindia
