Children fee reimbursement

This query is : Resolved

neerja (Querist)
Follow

31 July 2013 children fee reimbursement is against paid amount i.e. partial reimbursement against the actual expenditure done as per govt. rules. so shouldn't it be tax exempted. otherwise pl quote the section under which it is taxable.
thanks

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

31 July 2013 Tution Fees paid for children (Max Two Child) is allowed as deduction u/s 80C subject to overall limit of Rs 100000/-

neerja

neerja (Querist)
Follow

31 July 2013 i am asking about the reimbursement received from employer against the payment of fees in the school. is reimbursement taxable or not? if yes under which section? section 80c is for deduction from salary against the fees, not the reimbursement.
thanks

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

31 July 2013 Reimbursement is taxable in the hands of employee as perquisites.

neerja

neerja (Querist)
Follow

31 July 2013 perquisites are not taxable if actually spent. moreover it is minimum reimbursement of rs 1250/- against a big amount actually paid. so how it can be taxable and under which section? why reimbursement against medical upto rs 15000/- is tax exempted? why uniform allowance, if spent is tax exempted unlimited? are they not reimbursements or perquisites? i am sure children fee reimbursement is only reimbursement and not perquisites and should not be taxable as there is no specific rule in income tax rules regarding this.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

31 July 2013 Perquisites taxable in the hands of the employee as a part of salary income:

Any sum paid by employer in respect of an obligation, which was actually payable by the assessee.

Please go through the link given below--

https://www.incometaxindia.gov.in/archive/incometax_valuation_perquisites.pdf

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

office docs

Sasidhar B

ABHISHEK AGRAWAL

Akhila Ajayan

RATI MALU

Subscribe Now

Children fee reimbursement

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA