Against my Mediclaim policy I spent Rs 24000 for my wife's eye surgery and got reimbursed later by the insurance company. Do I need to show this in my IT Return? If yes where? And how to claim deduction?
if the company is holding the amount and paid at the ehd of the year, then the employee will be losing the intrest paid by the bank, if the amount is in his account. there by he is loosing the income. will this not be cocnsidered . say if i am getting aroung 30000 as medical allwance, then 30000/12= 2500. on 2500 i wil lget the interest of the bank at 6% 2500 * 6%* 1/12=12.5. will be loosing the intrest. please advice if this allows in internal audit, as company is getting other income on the employees salary.
I am working in Punjab State Electricity Board. My mother dependent upon me is Cardiac/DM2 patient. Chronic decease certificate has been issued by Govt.Hospital. I am taking medical reimbursement for the treatment taken by my mother from Government Hospital, Patiala. The total medical reimbursement during the financial year is around Rs.20,000/- to Rs.25,000/-. I want to know that medical reimbursement for the treatment taken from Govt. Hospital is taxable or not.
