Paresh, a Company Secretary working in Roly Poly Ltd Chennai besides Salary, HRA, DA and Bonus was also getting fixed medical allowance of ₹10,000 from the employer. He spent out of the medical allowance so received an a

CS Executive · Tax Laws · PYQS · December 2020
Paresh, a Company Secretary working in Roly Poly Ltd Chennai besides Salary, HRA, DA and Bonus was also getting fixed medical allowance of ₹10,000 from the employer. He spent out of the medical allowance so received an amount of ₹6,000 on his treatment, ₹2,000 on the treatment of his wife and ₹1,000 on the treatment of his major son not dependent on him. The amount of medical allowance received and to be exempt for Asst. Year 2020-21 shall be
(A) ₹8,000
(B) NIL
(C) ₹9,000
(D) ₹5,000

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income from Salaries

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