Deduction under income tax.
This query is : Open
03 August 2017
I have a query about allowance on an expenses in income tax act. If an employee buys medicines for personal purpose and get reimbursement from company, is it deductible expenses for company and what is treatment in the hands of employee, is it taxable for employee.
03 August 2017
The employer ll be allowed the deduction in form 16 (Less allowance - sec 10). Then you can't show the details in ITR.....
03 August 2017
It is exempted upto Rs.15000/-
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