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Books and Periodical allowance

This query is : Resolved 

11 May 2021 Hi Experts,

Employer is offering a book and periodical allowance as a flexible benefit plan.
But they're allowing only business related books that too after getting approval from manager.
Is there any restriction as per IT Law that employee cannot claim this allowance for news papers, magazine subscriptions or any novel ?

11 May 2021 Yes, restrictions are there as per IT Act.



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