Perquesites
This query is : Resolved
08 November 2014
Hi,
I am joining a MNC. In the offer letter Company has mentioned following allowances/perquisites
1. Medical reimbursement Rs. 1250/month
2. Sodexo coupens Rs. 2500
3. Residential telephone reimbursement Rs. 2500
4. Car fuel and maintenance Rs. 2400
Company has given option to me to opt these above in or out of perquisites...
Now my question is which of the above i have to opt in perquisites and which one out of perquisites..??
and whether i have to provide all related documents on the actual exp on the above to employer for tax benefits???
Pls help me out
I am joining a MNC. In the offer letter Company has mentioned following allowances/perquisites
1. Medical reimbursement Rs. 1250/month
2. Sodexo coupens Rs. 2500
3. Residential telephone reimbursement Rs. 2500
4. Car fuel and maintenance Rs. 2400
Company has given option to me to opt these above in or out of perquisites...
Now my question is which of the above i have to opt in perquisites and which one out of perquisites..??
and whether i have to provide all related documents on the actual exp on the above to employer for tax benefits???
Pls help me out
08 November 2014
Reimbursements are NOT taxable. There is a growing tendency on the part of employees to produce medical bills and telephone bills
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Itr 1 processing
- Off Market debit and credit transaction
- ITR returnFY25-26
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- Article ship defecit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
