Medical Allowance

Tax Glossary Definition

Medical Allowance

A predetermined payment made by an employer to assist employees with healthcare-related expenses. When provided as a fixed allowance, it is taxable; however, if reimbursed based on actual medical bills within prescribed limits, it qualifies for exemption under tax laws. Example: Medical reimbursements up to ₹15,000 per year, supported by valid bills, are exempt under Section 10(14).

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