Reimbursements to employees
This query is : Resolved
12 August 2013
Dear Experts,
What are the types of reimbursements that an employee can claim (Example: Telephone, Conveyance, Tiffin etc) and what are the limits if any? Is all these reimbursements fully non-taxable?
What are the types of reimbursements that an employee can claim (Example: Telephone, Conveyance, Tiffin etc) and what are the limits if any? Is all these reimbursements fully non-taxable?
12 August 2013
Reimbursement of official expenses is exempted. what ever reimbursement of personal nature expenses will be taxable fully.
Telephone expenses/conveyance - official is not taxable
Tiffin- Rs.50 per meal exempted during office hours. (non alcoholic only)
Telephone expenses/conveyance - official is not taxable
Tiffin- Rs.50 per meal exempted during office hours. (non alcoholic only)
13 August 2013
Dear Sir,
A company has two branches, one in Delhi and another in Kolkata. So the Director frequently travels to both kolkata and Delhi. So they incurrs fooding, lodging, Telephone, travelling expenses?
1. Are these expenses non-taxable?
2. The Director is getting a monthly remuneration of Rs. 75000 so can we break the remuneration in above expenses to make it non-taxable?
A company has two branches, one in Delhi and another in Kolkata. So the Director frequently travels to both kolkata and Delhi. So they incurrs fooding, lodging, Telephone, travelling expenses?
1. Are these expenses non-taxable?
2. The Director is getting a monthly remuneration of Rs. 75000 so can we break the remuneration in above expenses to make it non-taxable?
13 August 2013
1. Since expenses are incurred for the official purpose hence not taxable
2nd point unable to understand, director remuneration is Rs.75000 whether this apart from the reimbursement of these expenses or included?
2nd point unable to understand, director remuneration is Rs.75000 whether this apart from the reimbursement of these expenses or included?
14 August 2013
if remuneration is directors salary then yes u should break the whole 75,000 and show as diff heads.
14 August 2013
Dear Experts,
Please compute the taxable remuneration of Directors,
Remuneration 50,000
Mobile Expenses 10,000
Fooding 5,000
School Fees 4,000
Petrol & Fuel 6,000
Total 75,000
Please compute the taxable remuneration of Directors,
Remuneration 50,000
Mobile Expenses 10,000
Fooding 5,000
School Fees 4,000
Petrol & Fuel 6,000
Total 75,000
14 August 2013
Remuneration is fully taxable
Food expenses Rs.50 per meal during office hours exempted
Mobile expenses is exempted
Petrol & fuel School fees - more details required
Food expenses Rs.50 per meal during office hours exempted
Mobile expenses is exempted
Petrol & fuel School fees - more details required
14 August 2013
Dear Experts,
1. Mobile expenses is exempted - meaning any amount of mobile bill of Directors is exempted?
2. Petrol- Directors have their own cars so can they take petrol reimbursements from the company?
3. School Fees - Can they get children school fees allowance if it is exempted? what is the limit?
1. Mobile expenses is exempted - meaning any amount of mobile bill of Directors is exempted?
2. Petrol- Directors have their own cars so can they take petrol reimbursements from the company?
3. School Fees - Can they get children school fees allowance if it is exempted? what is the limit?
14 August 2013
Dear Experts,
1. Mobile expenses is exempted - meaning any amount of mobile bill of Directors is exempted?
2. Petrol- Directors have their own cars so can they take petrol reimbursements from the company?
3. School Fees - Can they get children school fees allowance if it is exempted? what is the limit?
1. Mobile expenses is exempted - meaning any amount of mobile bill of Directors is exempted?
2. Petrol- Directors have their own cars so can they take petrol reimbursements from the company?
3. School Fees - Can they get children school fees allowance if it is exempted? what is the limit?
14 August 2013
Dear Experts,
1. Mobile expenses is exempted - meaning any amount of mobile bill of Directors is exempted?
2. Petrol- Directors have their own cars so can they take petrol reimbursements from the company?
3. School Fees - Can they get children school fees allowance if it is exempted? what is the limit?
1. Mobile expenses is exempted - meaning any amount of mobile bill of Directors is exempted?
2. Petrol- Directors have their own cars so can they take petrol reimbursements from the company?
3. School Fees - Can they get children school fees allowance if it is exempted? what is the limit?
14 August 2013
1.Mobile expenses can be treated as official usage since the director as key personal
2.Petrol reimbursement need to do valuation of perquisites as per valuation rules based on capacity of cars and usage
3.Only children education allowance is exempted from tax up to Rs.100 per month per child maximum 2 children. but incase of reimbursement of actual school fees is fully taxable.
2.Petrol reimbursement need to do valuation of perquisites as per valuation rules based on capacity of cars and usage
3.Only children education allowance is exempted from tax up to Rs.100 per month per child maximum 2 children. but incase of reimbursement of actual school fees is fully taxable.
14 August 2013
Reimbursement of exp incurred are not taxable.
14 August 2013
Reimbursement of exp incurred are not taxable.
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