1/14/2024 0 Comments Tax exemption for medical expenses![]() ![]() ![]() The amount should have been spent on his own or his family members’ treatment.Employees should have spent the amount on medical treatment.There are specific conditions under the income tax act that prescribe such expenses are not considered as a prerequisite in the hands of the employee: Who is Eligible to Claim Medical Reimbursement? It is paid to him as a monthly fixed amount which is part of his salary.Īs per section 17(2) of the income tax act, reimbursement against medical expenses of Rs. So an employee does not have to submit any medical bills to the employer in order to receive a medical allowance. However, it is completely taxable irrespective of any submission of expense proof under the head Salary Income. Medical Allowance is payable on a monthly basis as a part of the salary. Although both are payable to employees against medical expenses, the tax implication is different. Sometimes people use the words Medical Allowance and Medical Reimbursement interchangeably. Medical Allowance vs Medical Reimbursement Under the Income tax act, the tax benefit is available for such medical reimbursements. Nowadays due to work stress, long working hours, and many other factors employees are provided various health benefits as medical expenditure for either themselves/ spouse or dependent is quite often. ![]() Medical Reimbursement is a benefit given by employers to their employees for the medical expenses incurred by employees. Who is Eligible to Claim Medical Reimbursement?.Medical Allowance vs Medical Reimbursement. ![]()
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