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Salary - Perks

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ArticleShip
393 Points Joined April 2019
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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On 04 June 2021 at 14:00 Report
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Learner
2398 Points Joined May 2019
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.
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On 04 June 2021 at 15:40
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tax consultant
3306 Points Joined October 2018
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
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On 04 June 2021 at 21:05
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ArticleShip
393 Points Joined April 2019
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
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On 05 June 2021 at 07:54
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tax consultant
3306 Points Joined October 2018
Sorry.
it will be a taxable perquisite in the hands of employee.
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On 06 June 2021 at 12:21

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