Tax Benefits

Hi Pawan,

1) Attire allowance or Uniform allowance - exemption is available u/s 10(14) tothe extent of actual expenditure

2) Reimbursements of Gift - entire taxable (actual gift not exceeding Rs. 5,000 in value during the entire year are exempt)

3) Reimbursement of telephone bills of residence -entire taxable (u can look for having a telephone connection in the name of employer then it will be exempt)

dear pawan

amir bhai is right.

cash gift are fully taxable whether below 5000 and for gift in kinds u can claim benefit upto rs. 5000 as in ur case.

regards

tarun rustagi

dear pawan

amir bhai is right.

cash gift are fully taxable whether below 5000 and for gift in kinds u can claim benefit upto rs. 5000 as in ur case.

regards

tarun rustagi

Thanks a lot Amir and Tarun