Reimmbursement part of ctc = whether taxable

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Dasharath Appa Pujari (Querist)
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12 September 2011 Dear All,

Whether tax is payable by a Company on telephone+Traveling+Books & Periodical+Motor Car Exp. reimbursements paid to the employee which is part of his CTC?

If yes, pls quote Income tax section.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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21 September 2011 Earlier these expenses were covered under the ambit of Fringe Benefit Tax (FBT) and companies had to pay FBT on these expenses.

However, FBT has now been abolished and no tax is required to be paid by companies on these expenses.

These expenses will be allowed to the company as deduction.

Also, there will be no taxability in the hands of the employees.

Dasharath Appa Pujari

Dasharath Appa Pujari (Querist)
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23 September 2011 Thanks Siddharth

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