Hi all,
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?
Mahaveer Kumar (24 Points)
08 June 2021
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 08 June 2021
Mahaveer Kumar
(24 Points)
Replied 08 June 2021
CA ABHAY GUPTA
(Practice)
(3230 Points)
Replied 08 June 2021
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 08 June 2021
| Originally posted by : Mahaveer Kumar | ||
 |
@ cma poornima what is the threshold limit for such reimbursement? |  |
It is just 1k pm per child (as good as no exemption).
For more refer rule 3(5): https://www.incometaxindia.gov.in/pages/rules/income-tax-rules-1962.aspx
Sivaramaraju G
(Learner)
(2398 Points)
Replied 08 June 2021
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