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Tqx Exemption/ Reimbursement

Tax queries 311 views 1 replies

Hi everyone I have three reimbursement in my salary structure :-

1. Internet reimbursement 

2. Petrol reimbursement 

3. Professional reimbursement (Bill paid for udemy courses)

My company has recently collected our investment information including the receipts for the reimbursement for claiming tax exemption for firm 12bb. But I couldn't find the bills on time and thus couldn't submit any bills. I was hoping to submit these bills later while filling ITR since I have got the bills now in my hand. Can anyone please confirm if it's possible to get tax exemption on these reimbursement while filling ITR.

Replies (1)

 Tax Exemption on Reimbursements As per the Income Tax Act, 1961, reimbursements for expenses incurred for official purposes are exempt from tax under Section 10(14).

Conditions for Tax Exemption To claim tax exemption on reimbursements:

1. _Maintain records_: Ensure you have the necessary bills and receipts to support the reimbursement claims.

 2. _Submit bills to employer_: Typically, employees are required to submit bills to their employer to claim reimbursement.

 3. _Employer's certification_: Your employer may need to certify that the reimbursements were for official purposes.

 Claiming Tax Exemption while Filing ITR In your case, since you didn't submit the bills to your company


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