Tution fees reimbursement company
This query is : Open
24 February 2024
My company is willing to sponsor my online PG course for Rs 5.50Lacs by reimbursement of tution fees on condition of bond for two years to continue in the employment after obtaining the degree. If I quit the employment before 2 years, then I have to return the amount given by employer. My question is, will the employer will be deducting TDS and add tution fees as amount as salary/perquisites? Is that be added in my income? Or suggest best way to benefit of employer and employee
24 February 2024
Yes, If employer add the fee in salary then it's calculate as salary.
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