WebNature. Taxable/ Not taxable. 1. Reimbursements of medical and dental care / treatment provided for: a) Employee, employee's spouse and children; and. Not taxable if the benefits are available to all employees. See Scope of Administrative Concession (below) b) … WebOnce the employer avails himself of the administrative concession, he should apply the treatment consistently for all employees covered by the group insurance policy (i.e. employer cannot choose to report the staff benefit on the share of premiums paid for only some employees covered by the group insurance policy and claim a partial deduction of …
Section 80DD: Deduction for Expenses on Disabled Dependent
WebApr 12, 2024 · Medical Insurance – Parents more than 60 years old or (from FY 2015-16) uninsured parents more than 80 years old – Rs. 25,000 – Rs. 50,000: 80DD: Medical … WebIn order to ensure that no income tax liability arises on this account, CBDT decided to provide an income-tax exemption to the amount received by a taxpayer for medical treatment from the employer or from any person for treatment of Covid-19 during FY 2024-20 and subsequent years. Income Tax Exemption for Ex-Gratia Received on Death due to … fisher price travel crib
Healthcare expenses that offer rebate in income tax - The New …
WebMedical treatment, special needs and carer expenses for parents (Medical condition certified by medical practitioner) 8,000 (Restricted) 3. Purchase of basic supporting … WebJul 17, 2024 · Indian Medical Association (IMA) on Saturday wrote a letter to Union Finance Minister Nirmala Sitharaman requesting to grant exemption in Goods and Services Tax (GST) for healthcare services.Citing in a letter, IMA mentioned that the 47th GST Council meeting has recommended that "Like CTEPs, common bio-medical waste treatment … Web55 [Deduction in respect of medical treatment, etc.. 80DDB. Where an assessee who is resident in India has, during the previous year, actually paid any amount for the medical treatment of such disease or ailment as may be specified in the rules 56 made in this behalf by the Board— (a) for himself or a dependant, in case the assessee is an individual; or fisher price t rex dinosaur