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of <h1>Finance Bill 2018 proposes removing tax exemption for employer-paid medical expenses over 15,000 from April 2019.</h1> Clause 8 of the Finance Bill, 2018, proposes an amendment to section 17 of the Income-tax Act, which defines 'salary,' 'perquisite,' and 'profits in lieu of salary.' Specifically, it seeks to remove clause (v) from the proviso following sub-clause (viii) of clause (2). This clause currently exempts from being treated as a perquisite any sum up to fifteen thousand rupees paid by an employer for an employee's medical expenses or those of their family. The amendment will be effective from April 1, 2019, impacting the assessment year 2019-2020 and beyond.
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