If education fees for my child is reimbursed by the company in which I'm working, will that become part of my salary? or it will be taxable in the hands of Company?
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Quick Summary
This discussion clarifies whether employer reimbursement for a child's education fees is considered part of an employee's salary and its tax implications. It's confirmed that such reimbursements are generally taxable as a perquisite for the employee, although there's a small exemption limit. For the employer, it's an allowable business expense.
Yes, such reimbursement is taxable as perquisite in the hands of the employee (subject to exceeding the threshold limit) and an allowable business expense for the employer.