TDS On Reimbursements

amol karangutkar
Dear All,
Please advise me that followings reimbursements are taxable or not:
1 Telephone Reimbursement
2 Driver Salary
3 Fuel & Maintenance Reimbursement
4 Books & Periodical Reimbursement
5 Uniform Reimbursement
Apart from that let me know these reimbursements helps to get I Tax exemptions or not. please write maximum limits also
Regards
Amol
ramanuj.hardik
Hi Amol,
1. If you are Employee and you are spending this expenditure on behalf of Employer on instruction of them and its necessary for the job and it is paid to you on actual expenditure then it would be non taxable.
2. If it is an facility provided to you means if you get benefit from the expenditure then it would be taxable as per the I tax slab.
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Regards,
Hardik
amol karangutkar
Hi Hardik,
Let me know maximum limits of these Reimbursements.
Reimbursement Type Limits
1 Telephone Reimbursement
2 Driver Salary
3 Fuel & Maintenance Reimbursement
4 Books & Periodical Reimbursement
5 Uniform Reimbursement
Regards,
Amol
ramanuj.hardik
Dear Amol,
There is no prescribed limit for reimbursement but again its varies upon the reason for the payment and policies of the organization nevertheless I would suggest you to consult CA for the same as this documents needs to be cross checked with the policies to avoid any anomaly.
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Regards,
Hardik
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