You must however furnish the necessary bills to your employer to claim this. The I-T Department allows medical reimbursement of up to Rs.15,000. How much tax will be deducted if I don't submit medical proofs for the remainder of the Rs.15,000? I have only claimed medical expenses worth Rs. My company provides me with 'medical reimbursement' of Rs. The Rs.15,000 you can claim is for each tax year that starts on April 1 and ends on March 31 next year. Make sure to keep all the bills safely and submit them timely to your employer for reimbursement. Please check about this with your company. These expenses could be incurred towards consultation with a doctor, medicines, medical tests etc.ĭeductions can also be claimed against medical expenses of your dependents. If your company provides you with medical reimbursement of Rs.15,000 towards medical expenses, you must submit bills to your employer to claim this. This way Samiksha can make a nice gesture and give back to her parents, and two, save some taxes.īut remember: Samiksha's parents will have to show the rent she paid in their income tax returns.
All she has to do is enter into a rental agreement with her parents and transfer money to them every month. Samiksha can pay rent to her parents and claim the allowance provided they own the place they currently live in.
