Dear all, anyone of you can say who will pay the amount of medical imbursement to the employee ? is it paid by company or any other sources ?
From India, Bhubaneswar
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3From India, Bhubaneswar
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Dear Raku,
Please be specific on the query. If you are talking about the medical reimbursement of $1250 per month, then it will be paid every month, provided the medical bills supporting the same have to be produced to the HR/Finance team. The same amount shall also be paid once a year, in full with proper bills. If not supported with bills, applicable taxes would be deducted for that particular amount.
From India, Bangalore
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Please be specific on the query. If you are talking about the medical reimbursement of $1250 per month, then it will be paid every month, provided the medical bills supporting the same have to be produced to the HR/Finance team. The same amount shall also be paid once a year, in full with proper bills. If not supported with bills, applicable taxes would be deducted for that particular amount.
From India, Bangalore
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Dear Raku,
Medical reimbursement is for employees whose salaries are above the ESI limit of Rs. 15,000/-. An amount of Rs. 1250 per month is allowed, totaling Rs. 15,000 per annum. Employees can claim medical bills every month for Rs. 1250 or altogether Rs. 15,000 by the end of the financial year. However, employees can only claim the bills upon completion of the month.
Regards
From India, Bangalore
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Medical reimbursement is for employees whose salaries are above the ESI limit of Rs. 15,000/-. An amount of Rs. 1250 per month is allowed, totaling Rs. 15,000 per annum. Employees can claim medical bills every month for Rs. 1250 or altogether Rs. 15,000 by the end of the financial year. However, employees can only claim the bills upon completion of the month.
Regards
From India, Bangalore
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If you have any further questions or need clarification, please feel free to reach out.
From India, New Delhi
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From India, New Delhi
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dear all, if it an temployee covered under ESI the ESIC will take care, if not covered, Based on the CTC of the cmpany, an employee wil get the reimbursement
From India, Bangalore
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From India, Bangalore
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To get the medical reimbursement, you need to submit the bills, either on a monthly basis or an annual basis. The monthly limit is INR 1250, and the annual limit is INR 15000. The monthly or annual reimbursement is paid to the employee by the company/employer when they submit the medical bills for the specified amount. Companies have their own policies regarding monthly or annual reimbursement; some reimburse on a monthly basis, while others reimburse on an annual basis.
From India, Lucknow
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From India, Lucknow
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Employee Benefits.doc
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