Is ex gratia under salary taxable ?
This query is : Resolved
Querist : Anonymous
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/-
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.
2. REIMBURSEMENT of ANY expense is NOT taxable, if the reimbursement is supported by actual bills and the expense was incurred for official purpose.
23 September 2012
Agreed with the Reply of Mr. Siddharths
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