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
Amol S Joglekar
(Expert)
08 November 2014
Reimbursements are NOT taxable. There is a growing tendency on the part of employees to produce medical bills and telephone bills
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