Dear experts,
Company is allowing reimbursement on purchase of oximeter and Covid vaccination.
should we treat this as perks ? and tax in hands of employee or should the tax as to borne by employer?
Thanks in advance
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Salary - Perks
Replies (4)
I think it will be allowance for employee. and it is taxable. and it is allowance and taxable in the hands of employee hence employer can take deduction as employee welfare expenses.
It will be a profit in lieu of salary in the hands of employee.
and i agree with ramaraju on allowability of expense to company
and i agree with ramaraju on allowability of expense to company
What is the actual difference between perks vs Profit in lieu of salary vs allowance vs any reimbursement? and how they are charged to employee
Sorry.
it will be a taxable perquisite in the hands of employee.
it will be a taxable perquisite in the hands of employee.
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