Medical reimbursement tax rules for retired PSU employees

A retired PSU employee can exclude employer medical reimbursements from income, as they are not taxable. Unreimbursed medical expenses up to ₹30,000 qualify for Section 80D deduction if the senior citizen has no health insurance and payment was not in cash. Additionally, standard deduction up to ₹50,000 (old regime) or ₹75,000 (new regime) applies to pension from employer-funded superannuation annuity.