Tax Exemption - Medical Allowance for Salaried Personnel, Income Tax

[Lancy Menezes]

I joined an organization in June 2014. Medical Allowance in the amount of ₹ 15,000/- is tax exempted annually. Is this applicable to me too OR I get a tax exemption only for ₹ 12,500/- only i.e. 10 months of employment in FY 2014 - 2015 (June 2014 to March 2015). Please advise.

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

In my opinion ₹ 12,500/- is allowable.