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Thread: Is Mediclaim Insurance Proceeds taxable?

  1. #1
    PolicyWala NewBie
    Join Date
    Mar 2009
    Posts
    11

    Default Is Mediclaim Insurance Proceeds taxable?

    If anybody receives mediclaim insurance proceeds is the proceeds taxable or not taxable or exempt from tax? If it is exempt under which section of the Income tax act 1961?




  2. #2
    Moderator
    Join Date
    Feb 2009
    Location
    Noida
    Posts
    54

    Default

    Mediclaim is the reimbursement of expenses. & reimbursement of expenses are not taxable under Income Tax Act.

  3. #3
    Moderator Taxman's Avatar
    Join Date
    Feb 2009
    Location
    Pune
    Posts
    55

    Default

    Mediclaim is reimbursement of expenses incurred and hence not taxable.


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