Ravi is receiving ₹10,000 as medical allowance from his employer. Out of this, he spends ₹5,000 on his own medical treatment, ₹2,000 on the medical treatment of his dependent wife and another ₹3,000 for the medical treat
CS Executive · Tax Laws and Practice · PYQS · June 2016
Ravi is receiving ₹10,000 as medical allowance from his employer. Out of this, he spends ₹5,000 on his own medical treatment, ₹2,000 on the medical treatment of his dependent wife and another ₹3,000 for the medical treatment of his major son who is not a dependent on him. The amount of medical allowance taxable in his hand is —
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income Tax
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