Fixed medical allowance treated as taxable salary income regardless of bill submission, taxable in employee hands. Fixed medical allowance paid monthly without requiring submission of medical bills is a component of salary and is fully taxable in the hands of the ... Summary
Fixed medical allowance treated as taxable salary income regardless of bill submission, taxable in employee hands.
Fixed medical allowance paid monthly without requiring submission of medical bills is a component of salary and is fully taxable in the hands of the employee; labeling as "medical" does not render a fixed, non conditional payment non taxable.
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