is it come under taxable income ?

444 views 3 replies

hi.,

   i  may pl be clarified  whether  the amount of money,   got  reimbered  for my study (as per  company rule ) , by the company  is TAXABLE INCOME  for me ?????

V murali BSNL

Replies (3)

S Mr. Murali the amount given by the company is taxable in ur hands under the head Salary Income 

 

Regards

Ram.

 

 

 SIR  TKS   for  ur reply

  but  this is not my  income but the  company  is paying course fee ( by way of reimbersement) to university for its employee but through its employee.

  pl clarify

best wishes

v murali

ask your company, where they are booking the expenses in their profit and loss accounts. it has to be booked as salary or workmen welfare and both are taxable income in hands of employee. if the company book the expenses without name of employee then it may not be taxed, but more clarification is with company itself, as in which head they are booking the expenses.


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