Urgent
This query is : Resolved
24 April 2012
Whether Money received from employer through his personal bank account taxable??What if employer doesn't claim such amt as expenses??
24 April 2012
It depends upon the purpose for which amount has been given out of the personal bank account of the employer. Employer may show loan to the employee.
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However, if he does not show as loan to the employee, or otherwise, amount received from the employer is taxable under the head Salary Income in the hands of the employee if it is more than Rs 5000.
.
.
However, if he does not show as loan to the employee, or otherwise, amount received from the employer is taxable under the head Salary Income in the hands of the employee if it is more than Rs 5000.
.
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