telephone fixed allowance rs. 500 extra from salary is taxable or not in salary ?
plz reply fast
thanks in ad vance
CA Deepak Bhardwaj (Job) (116 Points)
14 December 2010telephone fixed allowance rs. 500 extra from salary is taxable or not in salary ?
plz reply fast
thanks in ad vance
Sunshine
(Helping All)
(10575 Points)
Replied 14 December 2010
i think telephone allowance is exampt...not taxable...waiting for others to comment...
Harpreet
(* * * * * *)
(1670 Points)
Replied 14 December 2010
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.
Hemant
(AM - IA/SOX)
(78 Points)
Replied 14 December 2010
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
Manmohan ACA, CS
(Chartered Accountant )
(14243 Points)
Replied 14 December 2010
FIXED TELEPHONE ALLOWANCES TAXABLE
BUT REIMBURSABLE IS EXEMPTED
CS LLB Pulkit Gupta
(https://www.facebook.com/pages/Life-and-Promises/553962034682487)
(16631 Points)
Replied 14 December 2010
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.
B. Umapathy
(student)
(405 Points)
Replied 14 December 2010
The perquisite in respect of Telephone/ Mobile phone is not taxable under the head perquisites.
Parshu
(CA Final)
(84 Points)
Replied 14 December 2010
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)
CA Manikandan.A.V
(FINANCE & ACCOUNTS)
(789 Points)
Replied 14 December 2010
Telephone allowance is 100% taxable. Even if it is reimbursed by the company, still it never looses the charecter of income. It is taxable.
itika mehra
(articled assistant)
(202 Points)
Replied 14 December 2010
A.Trishty
(article)
(33 Points)
Replied 14 December 2010
agreed, telephone allowance is 100% taxable in the hands of employee
Raghunath Prasad
(WORKING)
(385 Points)
Replied 14 December 2010
THERE IS FIXED TELEPHONE ALLOWANCE SO ITS TAXABLE
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