Dear experts,
Company is allowing reimbursement on purchase of oximeter and Covid vaccination.
should we treat this as perks ? and tax in hands of employee or should the tax as to borne by employer?
Thanks in advance
4 Replies
Sivaramaraju G
(Learner)
(2398 Points)
Replied 04 June 2021
I think it will be allowance for employee. and it is taxable. and it is allowance and taxable in the hands of employee hence employer can take deduction as employee welfare expenses.
veerendar singh
(tax consultant)
(3301 Points)
Replied 04 June 2021
It will be a profit in lieu of salary in the hands of employee.
and i agree with ramaraju on allowability of expense to company
and i agree with ramaraju on allowability of expense to company
Prathyusha Varma
(ArticleShip)
(393 Points)
Replied 05 June 2021
What is the actual difference between perks vs Profit in lieu of salary vs allowance vs any reimbursement? and how they are charged to employee
veerendar singh
(tax consultant)
(3301 Points)
Replied 06 June 2021
Sorry.
it will be a taxable perquisite in the hands of employee.
it will be a taxable perquisite in the hands of employee.
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