Medical Facility not a considered as Perquisite - (New) Section 17(2) / (Old) Section 17(2)

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....r any local authority, or any other hospital approved by the Government for the purposes of medical treatment of its employees; • (ii) in respect of prescribed diseases or ailments under Rule 18(3), in a hospital approved by the Principal Chief Commissioner or Chief Commissioner, shall be allowed, provided that such authority is satisfied that the hospital is registered with the local authority and complies with the requirements specified under Rule 18(1).  • The prescribed diseases or ailments under Rule 18(3) shall be the following:- (a) cancer; (b) tuberculosis; (c) acquired immunity deficiency syndrome; (d) disease or ailment of the heart, blood, lymph glands, bone ....

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....effect or to keep in force an insurance on the health of such employee under any scheme approved, for the purposes of section 30(c), by the-- • (i) Central Government; or • (ii) IRDA established under section 3(1) of the Insurance Regulatory and Development Authority Act, 1999; (d) Employer reimburses employee's health insurance premium • any sum paid by the employer in respect of any premium paid by the employee to effect or to keep in force an insurance on his health or the health of any member of his family under any scheme, approved for the purposes of section 126, by the- • (i) Central Government; or • (ii) IRDA established under section 3(1) of the Insu....

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.... insurance Approved scheme Fully Exempt (d) Reimbursement of health insurance premium Approved scheme Fully Exempt (e) Transport (home ↔ office) Office commute only Fully Exempt (f) Medical treatment abroad Subject to RBI + income conditions Partially Exempt Meaning of Important Term   • "Family" in relation to an individual, means- • (i) the spouse and children of the individual; and • (ii) the parents, brothers and sisters of the individual or any of them, wholly or mainly dependent on the individual. [Schedule III (Note 2)] MEDICAL FACILITY NOT A CONSIDERED AS PERQUISITE - As per Clause Proviso to clause (2) of Sec....

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....ion to an employee • Scheme: Such scheme framed in this behalf by- • the General Insurance Corporation of India formed under section 9 of the General Insurance Business (Nationalisation) Act, 1972 and approved by the Central Government; or • any other insurer and approved by under section 3(1) of the IRDA Act, 1999; •  for the purposes of Section 36(1)(ib) • Taxability: Exempt. • Applies to: Premium paid for employee only. Clause (iv) - Employer reimbursing employee's personal premium for health insurance - • Taxability: Exempt. • Conditions: • Scheme must be approved by Central Govt or under IRDA Act, 1999&....