| Hi Deepa,
Medical Reimbursements:-
Can be given against bills or without bills does not matter. Some companies give it monthly, some quarterly, half yearly or yearly also. Some companies give it only against medical bills, some do not ask for bills, rather bills are only demanded for Final Tax Computation at the end of the year. No thumb rule about it. Preferred to pay monthly, without bills and ask bills as per your wish, quarterly, half yearly or at the end of the year. Do not choose to give it against bills only, there is no rule for the same…It only makes salary processing a cumbersome process.
Leave Travel Allowance / Concession :-
Journey within India primarily by Rail – 2nd A/c class for employee and his immediate family (spouse, children, parents, siblings). Where rail transport is not available, equivalent Public Transport like Bus is also allowed equivalent to maximum 2nd AC Rail fair only.
Air transport Y class is allowed only to Central Government employees.
Can be paid any time in the year in part or in full whenever the employee claims it. However employee must have proof of leaves taken for travel purpose and should be away from office for at least 2 days in a year.
Income Tax Benefit:
Exemption will be on Actual expenses only.
Exemption is allowed only for two such journeys in the block of 4 years starting from 1986 – 89 onwards.
These were the Guidelines for Reimbursh!!! |