desaisiddharth09 Started The Discussion:
I have shown medical bills for receiving medical reimbursement amount but it is not showing in Form 16.
I asked employer they said any reimbursement made cannot be a part of form 16.
My question is.. is it true?
If reimbursements are part of salary and if we show bills then It will not be mentioned in form 16.
If it is true then what is the reason behind that? And what if we donít show bills then will it be a part of form 16?
Yes it is true there are two types in payment of Medical component
1. By doing payment on monthly basis:
In this you will get your Medical component on monthly basis by showing the amount as a taxable in the Income tax computation sheet and the exemption as per your declaration or Bills submission will be provided U/s 16 in the Form-16
2. By doing payment on collecting bills on monthly basis:
In this you will get your Medical component only on bills submission where the same will be held up to March month and releasing as a taxable unclaimed in Form-16
In your case you were already submitted your necessary medical bills to your employer and the amount released from employer as a non taxable hence the same will not appear in your Form16
Thanks for infor.
I am not clear with the first point because as per my information medical reimbursement will be mention in u/s 10 in form 16 if it is non taxable amount.
In second point in which section it will be mentioned as taxable amount?
Found This Useful? +Vote Up This Page Via Google.
Why Vote? User validation is extremely important for good content to prosper.
Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.
Explore Topical Knowledge Areas
Topic Categories >> form 1 form 16 income tax medical bills medical reimbursement monthly basis tds details Complete List Of Categories
Interesting Relevant Discussions