Is there any tax deduction in the Medical Remimbursement claim amount? In my company deducted the tax from my Medical Remimbursement claim amount. Please any one of help me out.
From India, Bangalore
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From India, Bangalore
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Till Rs. 15000 per annum is exempted from Tax for Medical Allowance. Amount above 15000 is considered as taxable amount.
From India, Gurgaon
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8From India, Gurgaon
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Swati, please replace the word "Medical Allowance" with "Medical reimbursement."
Dear Jayprakash,
If you have been paid the Medical reimbursement more than $15,000.00 in the financial year, then certainly it would be taxable. The medical allowance, which is paid along with the salary on a monthly basis, is considered as part of the salary and is taxable.
From India, Delhi
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Dear Jayprakash,
If you have been paid the Medical reimbursement more than $15,000.00 in the financial year, then certainly it would be taxable. The medical allowance, which is paid along with the salary on a monthly basis, is considered as part of the salary and is taxable.
From India, Delhi
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