Flexible Benefits Plan

deepthireddy
Hello All,
I am planning to include the following components in our salary structure for tax exemptions:
1. Vehicle fuel and maintenance reimbursement - Rs. 6000 per month
2. Mobile Phone expense reimbursement - Rs.2000 per month
3. Journals and Magazine subscription reimbursement - Rs.1000 per month
4. Self Education for Professional Development - Rs. 3000 per month
Can you please let me know how feasible they are in terms of tax treatment?
Please treat this as urgent as i need to make the neccessary changes by end of June'10
Regards,
Deepthi
pon1965
For item No.1, max limit is 5000/- p.m for 2 wheeler & 20,000/- for 4 wheelers for tax exemption. The employee should own the vehicle in his name to avail this exemption.
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute