Hi,
As we all know medical allowance is exempted in the hands of employee to the extent of Rs. 15,000/- only if it is paid as reimbursement and not as fixed medical allowance.
Now I would like to know, when the employee is receiving fixed amount towards medical allowance and the employer is taxing the same, but employee has actually incurred medical expenditure and has bills to the extent of the said exempted amount can he/she claim the same as refund in his IT returns.
Thank U
Archana
From India, Panipat
As we all know medical allowance is exempted in the hands of employee to the extent of Rs. 15,000/- only if it is paid as reimbursement and not as fixed medical allowance.
Now I would like to know, when the employee is receiving fixed amount towards medical allowance and the employer is taxing the same, but employee has actually incurred medical expenditure and has bills to the extent of the said exempted amount can he/she claim the same as refund in his IT returns.
Thank U
Archana
From India, Panipat
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.