banner_ad

Perks or Allowances

Tax queries 573 views 1 replies
Dear All, Any type of payment made through cash voucher monthly as fixed amount to the employees by the company.Please clarify is the fixed amount paid through voucher perks or Allowances?. Nature of fixed payment paid through voucher are as under: Driver Salary Conveyance Reimbursement Petrol Reimbursement Any other type of payment. Plz. urgent reply. Thanks Parmod
Replies (1)

Dear Pramod,

Perquisites are of two types -

1) in Kind

2) in Reimbursements

In both the above cases there is an element of actual expenditure involved...

 

If any payment is made irrespective of actual expenditure then it will qualify as "ALLOWANCE"


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details