As per the current IT rules, 15000 rs is allocated for medical allowance and it can be tax free if we provide the bills.
My question is, Do I need to provide original medical bills for the medical allowance claim or photocopy is fine ?
From India, Ahmedabad
1My question is, Do I need to provide original medical bills for the medical allowance claim or photocopy is fine ?
From India, Ahmedabad
If you invest in a medical health cover policy with an insurance company and pay the premium by cheque,a maximum of rs 15000 can be claimed as deduction from taxable income.
Section 80 d is relevant in this connection.Premium paid out of current years taxable income for self,spouse or dependent children will be eligible for deduction.
Copy of premium receipt duly stamped and signed by insurance company.will be sufficient proof of payment.
From India, Pune
Section 80 d is relevant in this connection.Premium paid out of current years taxable income for self,spouse or dependent children will be eligible for deduction.
Copy of premium receipt duly stamped and signed by insurance company.will be sufficient proof of payment.
From India, Pune
Thanks nathrao for your reply. I think you are saying about Mediclaim Premium- 80D. I am not clear about bill producing for Medical Reimbursement component.
From India, Ahmedabad
From India, Ahmedabad
Original medical bills (the expense on account of yourself and dependents) should be produced. Photocopies can invite audit objection as there is no guarantee that two persons used the same bill for the claim (Eg:- Husband and Wife in two companies). Also you are not supposed to produce the same bill for insurance claim and then for medical reimbursement.
Now Zeta kind of services are available where employees upload the bills in the app and they take care of verification. So some companies follow this route to get rid of medical bills checking etc.
However from next year onwards, you can forget these bills - Impact of new budget
"Salaried taxpayers and pensioners need not have to furnish any bills or documents to claim the standard deduction of ₹40,000 announced in the budget on February 1"
From India, Bangalore
Now Zeta kind of services are available where employees upload the bills in the app and they take care of verification. So some companies follow this route to get rid of medical bills checking etc.
However from next year onwards, you can forget these bills - Impact of new budget
"Salaried taxpayers and pensioners need not have to furnish any bills or documents to claim the standard deduction of ₹40,000 announced in the budget on February 1"
From India, Bangalore
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.
ORIGINAL 1s.ppt
Shiva - Original.jpg
Would like to know your mobile is original or not.......doc