sir/ madam

i have cleared my ipcc both group and want to do articleship from indore i got a call from prakash s jain & co.

I just want to know that what kind of work they have and wheather it would be helpful for me or not as i am looking for firm having work of tax & audit ?

THANKS & REGARDS

Dear Sir,

suppose a person getting monthly salary of rs. 50,000/-
and his break up is given below

basic 20,000/-
HRA 15,000/-
conveyance 10,000/-
Medical reimb. 5,000/-

medical allowance is fully taxable but as far as medical reimb. is concerned it is exempted up to 15000/-

so my query is this, if he provides medical bill up to rs. 15,000/- as reimbursement, can he get deduction of rs. 15,000/-

because reimbursement is fixed in a nature per month i think it is taxable ?

but some people says it is non taxable and he can get deduction of rs. 15000/-

but i think reimbursement is apart from salary and it can not be included in salary ,and it is non taxable if employee provide bills for getting these deduction and these reimbursement is sepretaly shown as medical exp in the books of company not as part of salary or salary ?

it can be a cost of personnel

Expert Plese reply

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Regards,

Munna.

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Sold agricultural land within the radius of 8 KM of Corporation, for Rs. 1 Crore, the said amount is invested partly in Agricultural land and partly in residential house property.

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there is some mis understanding between me and partner of firm now he wants to terminate me in some misconduct clause...than i have to do balance period of articleship or from beginning?
Pls help its urgent