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Jan 14, 2012 at 07:04 AM

Exemtion on Medical Reimbursement

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Dear Expert,

Dear Expert,

As per client requirement In Form 16 Medical reimbursement should be shown into perks portion and i have done this one.

Now they are giving the Medical Exemption.Medical exemption is 15000.But if any employee MR is 20000 then 5000 should be shown into perks.

1.In my present configuration if i maintain IT 582 as exemption amount 15000 and giving the MR through IT15 as 20000.

then in Form16 its showing -15000 in Emolumnets paids portion in Page 4 as a ex under provision to sec 17(2) and Mr 20000 showing into Perks portion.

But client wants to see -15000 into perks portion.

2.In Form 16 Page 1 Part B under gross salary a)Salary as per provisions contained in section 17(1)=Annual Regular income+Irregualr income(With out MR)

So in Annual perks will be=(Previous amount -Conveyance exemption)*7.5%

and in under gross salary b)Value perquisites under section 17(2) would be=Annual perks value +MR

For MR Exemption configuration on PCR INN1 (InMED PAR1 "X") its not maintained.

Kindly guide me.

Regards,

Sankarsan