If Fixed Allowance per month reimbursed to employee in cash ( Other than Salary Allowance), is it liabile to Tax?
Deepak Tapse (Accounts Manager - Taxation) (1771 Points)
17 October 2014If Fixed Allowance per month reimbursed to employee in cash ( Other than Salary Allowance), is it liabile to Tax?
Mayuri Shelar-Private Tuition
(Myself Provides Private Tuition for CS CA Mcom Bcom BBi BMS students )
(40 Points)
Replied 17 October 2014
@VaibhavJ
(Believe!! Live your dreams!)
(33511 Points)
Replied 18 October 2014
Hi
If You get bills as supporting, then it is not taxable, else it is taxable.
Thanks
CAclubindia
