Query on medical allowance

Tax queries 937 views 1 replies

Hi ,

I am getting Medical allowance of Rs 15,000 per annum from my employer.

Suppose if i have not submitted bills, at the  end of FY how much money will they deduct as taxable?

What is % of tax deduction?

At end how much money will i get after deductions? 

Replies (1)
The taxable amount will be the amount for which u dont submit bills. Tax liability will depend on the tax bracket in which u are.


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