As per our view the same will be taken care in your form 16.
Sir my employer give Rs.315000 against medical bills treatment of my dependent father of heart bypass surgeory.hospital is approved by cheif commissioner of IT.ALL the receipts and bills are kept by originally.allthe amount given to hospital by account.Is this medical reimburshment is taxable,i have all the original document of treatment.I am PSU employee.
Sir In my form 16 Under salary income us Rs487000 And Under Medical Reimbursh Rs 319000 is mentioned.My question is that according to IT rule 17(2) i have all the bills and receipts of treatment and hospital is approved by cheif commissioner of IT.This amount is not profitable.total amount given to hodpital account directly.please clearify thid medical reimbursement amount is taxable or not.
Sir In my form 16 Under salary income us Rs487000 And Under Medical Reimbursh Rs 319000 is mentioned.My question is that according to IT rule 17(2) i have all the bills and receipts of treatment and hospital is approved by cheif commissioner of IT.This amount is not profitable.total amount given to hodpital account directly.please clearify thid medical reimbursement amount is taxable or not.
Dear Sir,
Amount paid for medical treatment of your dependent father is not taxable in your hand. You should instantly get this thing corrected from your employer.
please refer below:
Expense incurred or reimbursed by the employer for the medical treatment of the employee or his family (spouse and children, dependent - parents, brothers and sisters) in any of the following hospital is not chargeable to tax in the hands of the employee:
i. Hospital maintained by the employer.
ii. Hospital maintained by the Government or Local Authority or any other hospital approved by Central Government
iii. Hospital approved by the Chief Commissioner having regard to the prescribed guidelines for treatment of the prescribed diseases.
Dear Sir,
No the amount is not taxable in your hand as the Hospital is approved by the Chief Commissioner of Income Tax and the amount is directly paid to the hospital and you did not have any personal benefit in the transaction.
It is advised to please get your Form 16 rectified by your Company in order to avoid further complications.
Trust this clarifies your query.
Feel free to get back/ call back for any further clarifications.
Thanking You.
Regards,
Rohit R Sharma
BCOM, ACA, LLB - GEN, CERT. FAFP