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Telephone Mobile Reimbursement is Fully Exempt

Q4

Company Gives Mobile Bill Reimbursement of Max 2000 pm

Calculate Amt taxable if Employee Submits bill of 

Case Bill Submitted of AMOUNT RECEIVED Exempt Taxable
1 2000      
2 2400      
3 1800      

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Case Bill Submitted of AMOUNT RECEIVED Exempt Taxable
1 2000 2000   0
2 2400 2000   0
3 1800 1800   0

Amount  Received depends upon Company's policy,exempt depends upon Income tax

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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 7 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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