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

 

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

About the Author

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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.