Hi
We are reimbursing below mentioned expenses to our employee's on producing actual bills - :
Rs. 180000/- p.a. as Petrol & Fuel
Rs. 180000/- p.a. as Driver Salary for car owned by employee used for office purpose
Rs. 60000/- p.a. as books and periodicals
Rs. 60000/- p.a. as Entertainment allowances (Restaurant / Food Bills submitted by employee)
The above component is debited in the company books under the head of Salary & wages.
Is the above component taxable as perquisite and is the company liable to deduct TDS on the same or it is tax free.
Thanks & regards
Shailesh
99300 90601
Today From India, Pune
From India, Pune
We are reimbursing below mentioned expenses to our employee's on producing actual bills - :
Rs. 180000/- p.a. as Petrol & Fuel
Rs. 180000/- p.a. as Driver Salary for car owned by employee used for office purpose
Rs. 60000/- p.a. as books and periodicals
Rs. 60000/- p.a. as Entertainment allowances (Restaurant / Food Bills submitted by employee)
The above component is debited in the company books under the head of Salary & wages.
Is the above component taxable as perquisite and is the company liable to deduct TDS on the same or it is tax free.
Thanks & regards
Shailesh
99300 90601
Today From India, Pune
From India, Pune
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CTC Structure-1.pdf
CTC Structure.xls