Regarding medical bill allowance exemption for 15000 amount

Tax queries 386 views 2 replies

Hi Team,

I have query regarding Medical bills allowance which is 15000 amount against that we can show the medical bills and claim the income tax benefits .I have left my previous organization in Jan 2016. and joined another organization in feb 2016.

I haddeclared this in my previous organization but not in my current organization. So i want ot ask that can i claim full 15K amount for medical bills when will i file my ITR for 2016-17 assessment year.

 

Thanks in advance.

 

Regards,

Ankur

Replies (2)

Medical reimbursement is allowable upto Rs. 15000 per annum and is to be calculated overall from all employers.

Even if more amount is received during a single year from one employer or from more than one employers, any such amount exceeding shall be taxable.

Thanks pratik .

I have one more issue. I have filled my ITR for FY 2015-16 .I was getting the below error :

The amount of salary disclosed in Income details/Part BTI is less than 90% of Salary reported in Schedule TDS1

and by mistake i have sumitted my ITR and didn't modified the right salary amount under tax details . As of now i have submitted the ITR but not verified . Now i want to again file the ITR so that i can correct my mistake. Should i file the ITR as orginial under section 139 or file the revised return under secion 135 may be.


Can you please suggest i am confused as i didn't verified my return .I mean i didn't verified the ITR-V acknoledgement receipt.

It was just warning and by mistake i click on submit button.


CCI Pro

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