Tax Query

IT IS TAXABLE IN THE HANDS OF EMPLOYEES. YOUR CO'S EXPENSE IS THE INCOME OF THE EMPLOYEES IN FORM OF REIMBURSEMENT.

any payment made by company in the form of monthly reimbursement will form part of salary of the employee and hence provsion of tax deduction will also apply accordingly.

regards,

ratan

It is taxable perquisits in the hands of Employees from 01.04.2009

The question is about fixed Re-imbursement every month through voucher. Conveyence expenses which are reimbursed through voucher are variable and not fixed.

Fix Reimbursment of expenses is taxable in the hands of employee.