Many of the medical facilities and benefits provided by the employer are exempt from tax. Medical facilities provided by the employer are a big relief for employees and their families. In this article we explain when and to what extent medical facilities provided to the employee are exempt from tax.
Medical facilities are one of the benefits enjoyed by salaried employees. Medical benefits provided to the employee are exempt from tax, regardless of the employer bearing its expenses.
Follow these rules & tips for Income Tax benefits on medical insurance/ facilities provided by the employer-
Cost spent by employer towards overseas stay for medical treatment is exempt from tax. This exemption is subject to permissible limits set by the RBI.
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