1.Is medical bill submitted by retired employees to BSNL.On such reimbursement TDS is deductable or not. If yes whta rate ? under what rule in income tax act
I am Accounts officer BSNL
JETHU SINGH
TDS on medical reimbursement for pensioners may apply when statutory thresholds are exceeded and is charged per applicable slab. Whether medical bill reimbursements to retired employees attract Tax Deducted at Source (TDS): one reply treats TDS as deductible against pension income and computed per the pensioner's tax slab; another questions whether such reimbursements are exempt; a further reply indicates TDS is to be deducted when reimbursements exceed a stated monetary limit. (AI Summary)
TaxTMI
TaxTMI