What are the types of reimbursements that an employee can claim (Example: Telephone, Conveyance, Tiffin etc) and what are the limits if any? Is all these reimbursements fully non-taxable?
A company has two branches, one in Delhi and another in Kolkata. So the Director frequently travels to both kolkata and Delhi. So they incurrs fooding, lodging, Telephone, travelling expenses? 1. Are these expenses non-taxable? 2. The Director is getting a monthly remuneration of Rs. 75000 so can we break the remuneration in above expenses to make it non-taxable?
14 August 2013
1.Mobile expenses can be treated as official usage since the director as key personal
2.Petrol reimbursement need to do valuation of perquisites as per valuation rules based on capacity of cars and usage
3.Only children education allowance is exempted from tax up to Rs.100 per month per child maximum 2 children. but incase of reimbursement of actual school fees is fully taxable.
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