taxability of perks
This query is : Resolved
23 December 2009
deptt has issued a circuler on dec 18-2009 regarding taxability of perks what i want to know is taxability of following allowances paid to employees alongwith salary (without production of evidence):-
1)telephone home rs.1200/- per month
2)medical reimb rs.1250/- per month
3)cash coupons in the form of direct credit with salary rs.1000/- per month
4)transport allowance rs.3200/- per month
1)telephone home rs.1200/- per month
2)medical reimb rs.1250/- per month
3)cash coupons in the form of direct credit with salary rs.1000/- per month
4)transport allowance rs.3200/- per month
CMA Ramesh Krishnan
(Expert)
23 December 2009
Telephone at home= fully taxable
medical reimbursement= exempted up to Rs.1250 p.m.( actual production of bills only)
Cash coupons- fully taxable
Transport allowance= Rs.800 p.m Exempted excess is taxable
Telephone at home= fully taxable
medical reimbursement= exempted up to Rs.1250 p.m.( actual production of bills only)
Cash coupons- fully taxable
Transport allowance= Rs.800 p.m Exempted excess is taxable
CA Ravi Sisodia
(Expert)
23 December 2009
Agree with expert, in addition exempt Rs.50 per meal.
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
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
