MEDICAL ALLOWANCE VS MEDICAL RE-IMBURSEMENT

TILL NOW I AM RECEIVING THE MEDICAL RE-IMBURSEMENT FROM MY COMPANY AGAINST SUBMISSION OF ORIGINAL BILLS. NOW THEY ARE PROPOSING TO MAKE PAYMENT OF RS. 1,250/- P.M. WITHOUT SUBMITTING BILLS AND ASK US TO SUBMIT ALL THE MEDICAL BILLS AT AROUND IN THE MONTH OF JANUARY TO CLAIM DEDUCTION.

CAN THEY ACTUALLY DO THAT ? ONCE THEY STARTED GIVING IT AS A FIXED SUM WILL IT BE TREATED AS ALLOWANCE INSTEAD OF RE-IMBURSEMENT? CAN THEY STILL COVERT IT TO RE-IMBURSEMENT FOR ALLOWING TAX DEDUCTIONS ?

THANKS

M. BHASKAR

asked May 15 '12 at 14:53 by DIYARANA 111

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(May 28 '12 at 21:25) Pankaj Batra

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Asked: May 15 '12 at 14:53

Seen: 1,053 times

Last updated: May 28 '12 at 21:25