My salary structure contain Rs. 1250 /Month under' Medical Allowance'. That amount was paid with my monthly salary and Tax is deducted on that also as TDS. Now, at the end of the financial year, I have medical bills of Rs 15000. On submitting the IT Return, can I deduct this Rs 15000 under any head?
One accountant told me that it had to be processed with the company and no tax benefit is available as it was mentioned 'medical Allowance' in pay slips. Please advise.
Thanks,
One accountant told me that it had to be processed with the company and no tax benefit is available as it was mentioned 'medical Allowance' in pay slips. Please advise.
Thanks,