The New Perquisites Rule
This query is : Resolved
SURESH KUMAR.P
(Querist)
28 December 2009
I am working in Pvt Ltd Company. We paid following benefits to staffs
1) Telephone reimbursement but some eligibility (Certain Limit)
2) Medical Expenses reimbursement (Certain Limit)
3) Petrol reimbursement 2 wheeler & also Maintanence (Employer have own vehicle & Employee vehicle)
Please clarify whether this reimbursements taxable in employee hand as per new perquisites rule? previously we have paid FBT for this reimbursement except Petrol expenses for 2 wheeler.
1) Telephone reimbursement but some eligibility (Certain Limit)
2) Medical Expenses reimbursement (Certain Limit)
3) Petrol reimbursement 2 wheeler & also Maintanence (Employer have own vehicle & Employee vehicle)
Please clarify whether this reimbursements taxable in employee hand as per new perquisites rule? previously we have paid FBT for this reimbursement except Petrol expenses for 2 wheeler.
RAJESH SHUKLA
(Expert)
28 December 2009
all perquisits, will be taxed on the hand of employee. this rule may be applicable from april, 2009.
CMA Ramesh Krishnan
(Expert)
28 December 2009
1.Telephone expenses exempted up to the usage of offical purpose
2.Medical reimbursment Rs.1250 P.M exempted balance taxable
3.2 wheeler -offical purpose - exempted
2 wheeler -personal -fully taxble
2 wheeler - Partly personal & partly offical - Rs.900 exempted balance taxable
2.Medical reimbursment Rs.1250 P.M exempted balance taxable
3.2 wheeler -offical purpose - exempted
2 wheeler -personal -fully taxble
2 wheeler - Partly personal & partly offical - Rs.900 exempted balance taxable
Murtaza I Bhagat
(Expert)
28 December 2009
agree. after FBT abolished some Perquisites taxable on the hands of receiver.
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