Ca-Final Article.
565 Points
Joined June 2010
The amount your company is paying will be exempted in your hand but taxable in hands of employee........
you can make it non-taxable for employee by paying them at the time of need like if they made any medical Exp. than if you will make the payment then the same shall be exempted in both hanbd........
Sub to that the bill shall be in the name of Emp,wife, son , daugthers, and parents sub to max. of rs. 40000 for himself and 60000 for his parents.........
if you will pay him for the same than same will not be included in his income and ultimately amoun to tax saving for the employee.........