Taxation-Creche benefit
This query is : Resolved
06 September 2021
Dear Expert,
I would like to know the taxation impact of the Creche benefit to employees. Company would like to pay between 8000 to 13000 per month.
Kindly advise on below :
1. Is this benefit need to be considered as Income/ Perquisite to employee. Please provide the detailed extract with taxable & non taxable portion.
2. Is there any taxation exemption under Income tax for Creche expenses for employee or Employer.
Earlier response on this is highly appreciated!
Thank you,
GP
I would like to know the taxation impact of the Creche benefit to employees. Company would like to pay between 8000 to 13000 per month.
Kindly advise on below :
1. Is this benefit need to be considered as Income/ Perquisite to employee. Please provide the detailed extract with taxable & non taxable portion.
2. Is there any taxation exemption under Income tax for Creche expenses for employee or Employer.
Earlier response on this is highly appreciated!
Thank you,
GP
06 September 2021
Such creche expenses will not be considered as perks and taxed in the hands of employees. It will fall under maternity benefits exempt from tax.
06 September 2021
Dear Sir,
Thank you for your quick response.
Request you please share me some supporting documents. It would be great help.
Thank you,
GP
Thank you for your quick response.
Request you please share me some supporting documents. It would be great help.
Thank you,
GP
06 September 2021
Such reimbursement is taxable as perks in case of Indian Maternity Benefit (Amendment) Act, 2017 is not applicable.
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