a) As per law, are Reimbursements are salary or not? b) can we show them in form16 and in payslip? if we cannot why?
From India, Bangalore
2From India, Bangalore
dear friend,
salary and its components are exhaustively defined under the INCOME TAX RULES. as for form16, the format is standard and available under the schedule to the IT Act/Rule.
please go throught the same for further clarity.
regards,
mxsingh
salary and its components are exhaustively defined under the INCOME TAX RULES. as for form16, the format is standard and available under the schedule to the IT Act/Rule.
please go throught the same for further clarity.
regards,
mxsingh
a) sub section 17(2) on perk does not give a clear picture whether it is a salary or not
b) i wish to know the impact of putting the reimbursemetn componenet in payslip
c) form16 does not ell which area reimbursemetns shall be placed,(we have- exemption of allowances, but it is not for all reimbursement)
From India, Bangalore
b) i wish to know the impact of putting the reimbursemetn componenet in payslip
c) form16 does not ell which area reimbursemetns shall be placed,(we have- exemption of allowances, but it is not for all reimbursement)
From India, Bangalore
Hi Prabhu,
Reimbursements should not be included in the payslip..
Why ? Because it is subject to production of bills for the same ..whether it is medical or others etc..then it is not correct to put in the payroll slip..
Cheers,
Rajat
From India, Pune
Reimbursements should not be included in the payslip..
Why ? Because it is subject to production of bills for the same ..whether it is medical or others etc..then it is not correct to put in the payroll slip..
Cheers,
Rajat
From India, Pune
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