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Is ex gratia under salary taxable ?

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 August 2012 IS EX GRATIA UNDER SALARY TABLE AND IS REIMBURSEMENT OF CONVEYANCE TAXABLE IF 2500/- PER MONTH TOTAL AMOUNTING TO RS. 30,000/-
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
22 August 2012 1. Ex-gratia received from employer is taxable under the head Income from Salary.

2. REIMBURSEMENT of ANY expense is NOT taxable, if the reimbursement is supported by actual bills and the expense was incurred for official purpose.
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CA.Vinita Gupta

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CA.Vinita Gupta (Expert)
23 September 2012 Agreed with the Reply of Mr. Siddharths
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