taxable allowance or not ?

Tax queries 4612 views 27 replies

telephone  fixed allowance rs. 500  extra from salary is taxable or not in salary ?

plz reply fast

thanks in ad vance

Replies (27)

i think telephone allowance is exampt...not taxable...waiting for others to comment...

ITS A TAX FREE PERQUISITE

If you are giving the bill for telephone to employer then it is reiumbersment of expense and the same will not be taxable for you but if the same is given in salary and you are not submitting the bill then it will be taxable for you as telephone allowance.

Extra allowance of Rs 500 will be taxed in the hands of employee. This need to be distingush from the Telephone allowance which is paid other than the Salary component.

 

Thanks

Hemant

FIXED TELEPHONE ALLOWANCES TAXABLE

BUT REIMBURSABLE IS EXEMPTED 

Telephone allowance is 100% taxable.

There is a diff. b/w allowance and perq.

Free telephone facility available is a diff. thing and a seperate telephone allowance in addition to salary is different.

That's my opinion. May be I am wrong.

The perquisite in respect of Telephone/ Mobile phone is not taxable under the head perquisites.

Telephone allowance is 100% taxable.

agree with pulkit ..so taxable in salary head..............

this is allowance so it is 100% taxable

whereas treatment of perq is different 

Eg:Telephone provided at the residence of employee and the bill aggregating to Rs.25,000 paid by the employer.

Determine the perquisite value taxable in the hands of employee.

 Ans:

Facility of telephone or reimbursement of telephone expenses are not taxable perqs for employees under rule 3(8)

Telephone allowance is 100% taxable. Even if it is reimbursed by the company, still it never looses the charecter of income. It is taxable.

ITS A TAX FREE PERQUISITE

its 100% taxable as the word used is allowance and not perquisite.....

agreed, telephone allowance is 100% taxable in the hands of employee

THERE IS FIXED TELEPHONE ALLOWANCE SO ITS TAXABLE


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