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
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is it come under taxable income ?
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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