Can the benefit of premium paid on Mediclaim policy be claimed under both i.e. for :
1) Sec. 80D deduction. as well as for
2) Exemption u/s. 17(2) : Reimbusement of medical expenses by the employer
2 Replies
Dhawal Mohnot
(Practicing)
(449 Points)
Replied 21 February 2013
The mediclaim is being paid by the employer? If yes, then in my view.
Reimbursement of medical expenses is exempt in the hands of the employee. If such medical reimbursement includes mediclaim premium. Then deduction can be claimed U/s.80D since it is dealt with at computation level.
We can wait for other views as well.
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 21 February 2013
If the mediclaim policy is taken by the employer on employees and premium is paid by employer, then 80D is not available in the hands of employee. The amount does not enter Form 16 of the employee.
Regards,
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