School fees reimbursement upto 1000 p.m exempt, If > 1000 fully taxable.(eg 1100,then 1100 taxable)

Q7

Company provides School Fees Reimbursement of Max 1500 PM

Calculate Amt taxable if Employee Submits Fees receipt of

Case Bill Submitted of AMOUNT RECEIVED Exempt Taxable
1 1500      
2 1800      
3 1300      
View Answer

Q8

Company provides School Fees Reimbursement of Max 900 PM

Calculate Amt taxable if Employee Submits Fees receipt of

Case Bill Submitted of AMOUNT RECEIVED Exempt Taxable
1 1500      
2 1800      
3 1300      
View Answer

 

  1. Tax Practical
  2. Practical Payroll (TDS Salary,PF,ESI)

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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .