telephone fixed allowance rs. 500 extra from salary is taxable or not in salary ?
plz reply fast
thanks in ad vance
telephone fixed allowance rs. 500 extra from salary is taxable or not in salary ?
plz reply fast
thanks in ad vance
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
agreed, telephone allowance is 100% taxable in the hands of employee
THERE IS FIXED TELEPHONE ALLOWANCE SO ITS TAXABLE
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