rebate on medical allowance
Amit Vashist (39 Points)
17 January 2018
I receive 6000 Rs per year as medical allowance can I take rebate in income tax & how
Amit Vashist (39 Points)
17 January 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(175669 Points)
Replied 17 January 2018
No. Medical allowance is taxable...........
‘Medical allowance’ is a fixed allowance paid every month to employees irrespective of the fact whether they submit the supporting bills or not.
‘Medical reimbursement’ is a payment made to employees against medical bills produced by them subject to their entitlement. The maximum tax benefit available is Rs. 15,000 per annum, u/s. 80D.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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