Hi all, Please help me out. I am in a peculiar situation regarding medical reimbursement. This is in accordance with Indian Income Tax.
Reimbursement
This exemption is available in respect of: reimbursement up to Rs. 15,000 [12 months * Rs 1250] for medical treatment of the employee and family members. Reimbursement of expenditure incurred by an employee and family members in approved hospitals, dispensaries, etc.
Now, for a particular month [31 days in that month], I stayed in a company for 19 days exactly and I submitted bills for exactly Rs. 1250. For the next 11 days, I did not join any other company.
The question is, will the reimbursement be taken for Rs. 1250 or Rs. 766 [=(19*1250/31)] [This is what my employer calls a pro-rata basis].
Please explain in detail what the reimbursement/settlement will be finally.
Thanks,
Particlereddy
Reimbursement
This exemption is available in respect of: reimbursement up to Rs. 15,000 [12 months * Rs 1250] for medical treatment of the employee and family members. Reimbursement of expenditure incurred by an employee and family members in approved hospitals, dispensaries, etc.
Now, for a particular month [31 days in that month], I stayed in a company for 19 days exactly and I submitted bills for exactly Rs. 1250. For the next 11 days, I did not join any other company.
The question is, will the reimbursement be taken for Rs. 1250 or Rs. 766 [=(19*1250/31)] [This is what my employer calls a pro-rata basis].
Please explain in detail what the reimbursement/settlement will be finally.
Thanks,
Particlereddy