(iii) Group medical insurance obtained by the employer for his employees (including members of their families) or reimbursement of insurance premium to the employees who take such medical insurance; and
(iv) Reimbursement by employer of amounts spent by the employees in obtaining medical treatment from any doctor, not exceeding in the aggregate to Rs. 15,000 in a year.
As regards medical treatment abroad, the IT Act exempts from tax the actual expenditure incurred on medical treatment, including the expenditure on travel and stay abroad of the patient and of one attendant in cases where an attendant is permitted by the Reserve Bank of India to accompany the patient. The expenditure on travel and stay abroad will be exempt from tax to the extent permitted by the RBI in the case of only those employees whose gross total income, as computed under the Income Tax Act without including the amount reimbursed for expenditure in connection with medical treatment abroad, does not exceed Rs. 2,00,000. |
