28 December 2009
I am working in Pvt Ltd Company. We paid following benefits to staffs 1) Telephone reimbursement but some eligibility (Certain Limit) 2) Medical Expenses reimbursement (Certain Limit) 3) Petrol reimbursement 2 wheeler & also Maintanence (Employer have own vehicle & Employee vehicle) Please clarify whether this reimbursements taxable in employee hand as per new perquisites rule? previously we have paid FBT for this reimbursement except Petrol expenses for 2 wheeler.
CAclubindia
