taxability of perks

This query is : Resolved

nirpinder (Querist)
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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

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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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

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
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23 December 2009 Agree with expert, in addition exempt Rs.50 per meal.

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