MEDICAL ALLOWANCE BY EMPLOYER
This query is : Resolved
18 June 2024
Sir,
Employer pays to employee Rs.28900 (after deducting 500 from their salary),how to treat the same in books of accounts and whether deduction can be claimed by employer or deduction can be claimed by employee
Employer pays to employee Rs.28900 (after deducting 500 from their salary),how to treat the same in books of accounts and whether deduction can be claimed by employer or deduction can be claimed by employee
18 June 2024
For employer he can book it as expenses, while it will be taxable in the hands of employee.
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