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Taxation Point ( company vs Employee)

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ArticleShip
393 Points Joined April 2019
one of our known companies provide following benefits to its employees apart from salary

1.Relocation expense reimbursement
2.Zym reimbursement
3.Team lunch reimbursement
4.Covid vaccination reimbursement
5. Oximeter reimbursement etc

out above reimbursements, for many reimbursements employee as to pay tax ?

Does they above all reimbursements eligible as expense for the company ?
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On 04 June 2021 at 23:12 Report
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My grammar is 💯 good I
7301 Points Joined March 2019

Those reimbursements are not expense to company because tax authorities are giving you incentives. 

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On 05 June 2021 at 00:21
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My grammar is 💯 good I
7301 Points Joined March 2019

Ok I got what your asking, those expenses will be borne by the company, and they get tax benefit where ever applicable. Ignore the above because, I thought about esic as an allowable deduction from salary. 

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On 05 June 2021 at 00:24
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Profession Business
28196 Points Joined May 2017
These are all tax free perquisites.
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On 05 June 2021 at 06:15
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Learner
2398 Points Joined May 2019
As per my knowledge all these are like special allowances to that employee. and those will be taxable in the hands of employee.

if it is income to employee means an expense to company. company is very much eligible for deduction.
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On 05 June 2021 at 06:30
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ArticleShip
393 Points Joined April 2019
What is the actual difference between perks vs Profit in lieu of salary vs allowance? and how they are charged to employee
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On 05 June 2021 at 07:53
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Profession Business
28196 Points Joined May 2017
Allowances are taxable subject to some of them .HRA SEC 10 (13A)
PERKS CAN BE TAXABLE OR NON TAXABLE DEPENDING UPON THE THE DESIGNATION OF AN EMPLOYEE.
PROFIT IN LIEU OF SALARY ARE DIFFERENT FROM PERKS AND ALLOWANCES.
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On 05 June 2021 at 08:04
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Learner
2398 Points Joined May 2019
Allowance is like amount will be given to employee to expend on some expenses lime HRA, DA, Helper allowance etc...

perk means employer only give amenities to employee. here employer don't any amount.

profit in lieu of salary defined under IT Act. please refer.
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On 05 June 2021 at 08:22
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ArticleShip
393 Points Joined April 2019
What about employee reimbursements then ?
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On 05 June 2021 at 20:15
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tax consultant
3306 Points Joined October 2018
Agree with ramaraju
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On 06 June 2021 at 12:17

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