How to show exempt medical reimbursement in ITR?
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How to show Exempt medical reimbursement in ITR1 online
( Exempt medical reimbursement which has been done away with from AY2019-20 ( 15000 max based on receipts).Which section it comes under. Is it Section 10?
Also how to show telephone allowance
(In my form 16 , it is all clubbed as exempt under section 10 allowances )View Less
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Solution:- By Amlan Dutta
(i)Medical Reimbursement - It is tax-Free Prerequisites under Section 17(2) till 15000 ......
If an amount higher than Rs.15,000 is incurred on the medical bills by the employee, the excess amount is added to the head salary of the employee at the time of ITR filing.
( Link - https://www.incometaxindia.gov.in/Charts%20%20Tables/List_of_benefits_available_to_a_salaried_person_Final.htm )
(ii) Telephone allowance - It must be telephone reimbursement ...
Telephone Allowance enjoys no exemption and is fully taxable
(Link - https://www.incometaxindia.gov.in/Charts%20%20Tables/Allowances_Available.htm . )
Most company accountants miss this point and show it under allowance head ...anyways, considering this as reimbursement also will come under tax free perquisite under section 17(2)
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