fixed medical allowance increased from 500 to 1000

Arnold09 Oct, 2021Finance

Medical allowance is a set amount given as an allowance to employees for whether he/she avails the medical treatment and shows bills to show the expenditure. Now, a medical reimbursement occurs when the employer reimburses the amount actually incurred by the employee. This money is paid to employees, whether or if not they submit the necessary bills to spend. This fixed pay is taxable every month.