I have query with regards to Rs.15,000 tax free medical allowance for employees. If an employee leaves an organization in the middle of the year, after having submitted medical bills of Rs. 15,000, should the organization just allow him medical allowance for the period that he worked or is it ok to allow the entire amount, provided the employee gives an undertaking that no more medical allowance is applicable during that financial year.
Our finance team is insisting that we credit only the period for which the employee has served.
Regards
Riten
From India, Delhi
Our finance team is insisting that we credit only the period for which the employee has served.
Regards
Riten
From India, Delhi
Hello Riten,
If he or she has worked for 6 months than see his payroll bifurcation of Medical reimbursement
If it is more than 15k than accept it
if it is below 15k than reimburse the total up too 6 month of Medical reim.
Thanking you,
Regards,
Ashish
From India, Pune
175If he or she has worked for 6 months than see his payroll bifurcation of Medical reimbursement
If it is more than 15k than accept it
if it is below 15k than reimburse the total up too 6 month of Medical reim.
Thanking you,
Regards,
Ashish
From India, Pune
Is it medical allowance or medical reimbursement?
If it is medical allowance, then pro-rated allowance payable by company to the employee taking into account the no of months
he/she has served during the calendar year/financial year (depending upon company policy).
For reimbursement also, same criteria could be applied.
Thanks.
R K Nair
From India, Aizawl
If it is medical allowance, then pro-rated allowance payable by company to the employee taking into account the no of months
he/she has served during the calendar year/financial year (depending upon company policy).
For reimbursement also, same criteria could be applied.
Thanks.
R K Nair
From India, Aizawl
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Medical Reimbursement Format.doc
ESIC Form-Medical Expense Reimbursement.p df