The employer provides the demanded amount to the employee. Unlike, medical bills exemption this benefit is provided whether or not the medical expenses are incurred by the employee or not. Many employers provide medical allowances to their employees. However, it is important to differentiate medical bills exemption with medical allowance in salary.
The tax will be applied as per the slab rates of the Income Tax.
15000, that amount will be added to the salary of the employee and will be taxed under Income from Salaries. The only essential condition is that the employee should provide for all the bills to the employer.įurther, if the employer reimburses any amount over and above Rs. The medical expenses incurred in any hospital, Government or private, will be allowed for exemption in Income Tax. Here, family refers to employee’s spouse and children, along with wholly dependent parents and siblings of the employee. 15000 is for the total medical expenses occurring during the financial year by the employee for itself or its family. The employer offers the facility of reimbursing the medical expenses incurred by the employees. This medical bills exemption is granted if the employee furnishes all the bills to the employer. In India Income Tax Act provides for medical bills exemption of the amount that is less than or equal to Rs. The reimbursement of medical expenses incurred by the employee, by the employer is liable for medical bills exemption up to an amount of Rs.
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