15000 rs is allocated for medical allowance and it can be tax free if we provide the bills..
My question is -- Can I provide doctor's consultance charge bills....Or Can I provide doctor's surgery charge bills?
From India, Madras
My question is -- Can I provide doctor's consultance charge bills....Or Can I provide doctor's surgery charge bills?
From India, Madras
Yes, you are very true.. Amount of rupees 15000/- in a year is exempted from Taxes.. To avail this benefit, one is to provide the Medical Bills to the commercial department.. Regards, Amit Seth.
From India, Ahmadabad
496From India, Ahmadabad
Dear All,
Greetings!!
Of course the information provided is correct.
I have another query.
Going further , in case an employee has a component of Rs. 15,000 as Medical Reimbursement in one's salary. The person does not claim it during the finacial year. Nor does the person has the supporting bills to claim that amount. :( .
Now is it possible to claim that amount as "taxable" without submitting any bills? :?:
In my company this is not allowed, but I would like to know the Industry norm as per the Income Tax Rules.
Looking forward to your comments.
Thanks in advance.
Warm Regards,
Ag
From India, Delhi
Greetings!!
Of course the information provided is correct.
I have another query.
Going further , in case an employee has a component of Rs. 15,000 as Medical Reimbursement in one's salary. The person does not claim it during the finacial year. Nor does the person has the supporting bills to claim that amount. :( .
Now is it possible to claim that amount as "taxable" without submitting any bills? :?:
In my company this is not allowed, but I would like to know the Industry norm as per the Income Tax Rules.
Looking forward to your comments.
Thanks in advance.
Warm Regards,
Ag
From India, Delhi
Dear
If you can justify consultancy charges to the extent of Rs. 15,000/- it surely can be done, but supportings regarding the same like medical bills, certain test reports etc. needs to be produced.
Reply at
Regards
Zakir
From India, Pune
If you can justify consultancy charges to the extent of Rs. 15,000/- it surely can be done, but supportings regarding the same like medical bills, certain test reports etc. needs to be produced.
Reply at
Regards
Zakir
From India, Pune
In case the employee does not have enough supporting bills he can claim the amount and the same gets taxable.
Our organisation practices this and many others also.
If the amount of Rs 15000 is part of your agreed upon CTC, then the company should pay it. Here (in case of employee not having bills) the company will not lose or gain anything, but employee will not get relief in IT calculation. Company should make the payment of amount agreed upon in CTC and consider it as taxable in indivudual's tax calculation. If not supported by bills, it will be allowance and not reimbursement.
Hope the sam is of some help to you.
- Hiten
From India, New Delhi
Our organisation practices this and many others also.
If the amount of Rs 15000 is part of your agreed upon CTC, then the company should pay it. Here (in case of employee not having bills) the company will not lose or gain anything, but employee will not get relief in IT calculation. Company should make the payment of amount agreed upon in CTC and consider it as taxable in indivudual's tax calculation. If not supported by bills, it will be allowance and not reimbursement.
Hope the sam is of some help to you.
- Hiten
From India, New Delhi
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