Tax treatment of reimbursements.
This query is : Resolved
Ramesh Pradhan
(Querist)
07 May 2008
Company is reimbursing medical expenses and telephone charges monthly equal amount total per annum is Rs.15000 & Rs.12000 respectively which is part of salary.
Is it necessary that the employee should submit the documents every month for tax calculation or is it okey to submit the documents once in a year(i.e at the end of the year).
Is it necessary that the employee should submit the documents every month for tax calculation or is it okey to submit the documents once in a year(i.e at the end of the year).
Sheetal Metha
(Expert)
07 May 2008
It is not necessary for the employee to submit the Documents in every month they can submit the documents at the end of the year.
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