Salary
Querist : Anonymous
Querist : Anonymous
Means HRA is given to that employee who does not possess his own home.
And How can a person at a time show that he is living in rented house and have his house too ?
Its two different points:
1. HRA as he is living on Rent.
2. If he is paying istealments for his/her flat for which he/she havent received the possetion till yet.
"If he is paying instalment it never means that he/she had the pocession."
However it depends on condition of housing loan.
Is it clear if not reply.
Querist : Anonymous
Now it is clear to me...Thanx alot...
Querist : Anonymous
As we know that there are some perquisites which if provided by the company to the employee are not taxable with or without some conditions..Lik
Free Meals are exempt Rs. 50 per meal & so on.
So , now my question is that such perquisites are neither taxable for employees nor for companies.
Since now FBT has been removed , so company will claim it as an expense of Salary , and employee will take exepmtion as per Rs. 50 per meal provision ...
Is it so ?
Additionally your understanding is true till the best of my knowledge belif.
Such amount is not taxable for company as it covers under Employees welfare which hits P&L.
it is also not neccessary that the house which u have taken , ur staying in dat house. say uve purchased house in kolkata but due to ur job ur staying in some other state
Querist : Anonymous
If yes then kindly reply the query which i have stated regarding perquisites above ?
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