As per my CTC I am getting reimbursement against phone bill , news paper bill from my co. But my question is as per IT it is treated as salary or it is only expenses reimburesement on which co is paying FBT? Means it is taxable or not.
13 March 2008
Whether company reimburse it to you, it is absolutely expense of the company in the nature of staff welfare which is subject to FBT on the part of the company.
13 March 2008
But somebody told me that the amount of reimbursement will be taxable in my hands. & even co. have to pay FBT on it.& he also told me that from year 2006-07 the amount of reimbursement is taxable in the hands of employee also. Is it possible that we have to pay a tax twice on same expenses?
CAclubindia
