21 May 2009
A company has hundreds of employee residing in different areas. Its practically not possible to go & check whether Rent amt is reasonable as per area he is residing and type of house he has taken on rent. As for confirmation, he states the amt in the declaration duly signed. So, will there be any Statutory requirement or its all upon company's internal policy?
02 April 2012
No statutory requirements are there while the employee submits rent paid receipts. one thing the employer should see is whether the employee declared the same or not?