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reimbursement of expenses

Tax queries 864 views 3 replies

Can reimbursement of expenses and monthly salary be paid by one single cheque?

Can LTA and Attire allowance be paid monthly?

Can motor car expenses and seperate conveyance expenses be both given on a regular basis ? 

 

 

Replies (3)

Dear Keshav,

1) Salary & reimbusements of expenes CAN BE paid in single cheque.

2) LTA, Motor car & conveyance expenses CAN BE paid regularly i;e on monthly basis only thing is their taxability/exemption will only be as prescribed by the act.

 Amount can be paid by single cheque. 

However, the monthly payment of LTA or other reimbursement  of expenses is concerned you can pay it on regular basis provided you prove that equal amount of expense is incurred every month.

 

Thanks Amir Sir.. & Krutesh Sir...


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