The New Perquisites Rule

This query is : Resolved

SURESH KUMAR.P (Querist)
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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.

RAJESH SHUKLA

RAJESH SHUKLA (Expert)
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28 December 2009 all perquisits, will be taxed on the hand of employee. this rule may be applicable from april, 2009.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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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

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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28 December 2009 agree. after FBT abolished some Perquisites taxable on the hands of receiver.

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