The UPSC CMS starting salary will be INR 56100/-. But the salary will differ for different posts of the UPSC CMS. The Assistant Divisional Medical Officer in the Railways will receive a salary within (INR 15600 – 39100/-). How do I prepare for the combined medical services exam? How toRead More →
Medical reimbursement comes under Section 80D, wherein the maximum limit prescribed is Rs. 15,000 p.a. If bills regarding medical reimbursement are not submitted on time by an employee, 30% of Rs. 15,000 will then become the taxable amount. However, while filing tax returns, employees can reclaim 30% of the amount.Read More →
Medical allowance is a fixed component that you receive every month as part of your monthly salary, that is taxable as salary income. No bills are required to be submitted for taking this allowance. What is the fixed medical allowance for pensioners? 2010 regarding grant of Fixed Medical Allowance @Read More →
FAQs on Medical Allowance Medical reimbursement can be claimed up to a maximum of Rs. 15,000 per year. The maximum amount that can be claimed as deduction for medical allowance is Rs. 15,000 per year. What does medical allowance mean? Employers can use HRAs to create a flexible health benefitRead More →
Medical Reimbursement is an arrangement under which employers reimburse the portion of the health expenses incurred by the employee. The Income Tax Act allows tax exemption of up to INR 15,000 on medical reimbursements paid by the employer. What is a medical reimbursement benefit? Medical reimbursement plans are IRS-approved healthRead More →