Medical reimbursement
This query is : Resolved
26 December 2008
We are giving our employees Medical Reimbrsement up to Rs. 15000/-, which is exempt in the hands of our employees.
But we have to pay FBT on the same. If we pay Rs. 15001/-, then we dont have to pay FBT on the same & Re. 1/- will be taxable in the hands of employees as salary.
Am i right?
But we have to pay FBT on the same. If we pay Rs. 15001/-, then we dont have to pay FBT on the same & Re. 1/- will be taxable in the hands of employees as salary.
Am i right?
26 December 2008
Issue is debatable ie., whether Re.1/- or Rs.15001/- is to be taxed.
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