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Taxability on medical insurance claim

05 March 2023

Whether medical insurance claim received from insurance company taxable or not

is insurance company liable to deduct TDS before reimbursement of medical calim
plz explain

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5 Replies

Income Tax Wala: (Fin. Expert) (Chartered Accountants) (2015 Points)
Replied 05 March 2023

1. medical insurance received from company is part of salary hence taxable. how ever you can get deduction u/s 80D for the same

2. any payment received from insurance company is not liable to tds.

for more details click below:

Complete Guide for Medical Insurance

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sabyasachi mukherjee (27719 Points)
Replied 05 March 2023

From the recent assessment year sec 115BAC is applicable. So I that case there are certain restrictions.

Chaudhary Mohit Kumar (25 Points)
Replied 05 March 2023

Assessee is non salary person

CA Raj Doshi (Practising CA) (8939 Points)
Replied 06 March 2023

Medical insurance claim received from insurance company is not taxable since it is essentially a partial/full reimbursement of medical expenses incurred.

There is no provision casting liability for tds deduction on such payments.

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