Electricity / water / gas Bill Reimbursement is Fully Taxable
Q5
Company Gives Electricity Bill Reimbursement of Max 2000 pm
Calculate Amount taxable if Employee Submits bill of
| Case | Bill Submitted of | AMOUNT RECEIVED | Exempt | Taxable |
| 1 | 2000 | |||
| 2 | 2400 | |||
| 3 | 1800 |
View answer
| Case | Bill Submitted of | AMOUNT RECEIVED | Exempt | Taxable |
| 1 | 2000 | 2000 | 2000 | |
| 2 | 2400 | 2000 | 2000 | |
| 3 | 1800 | 1800 | 1800 |
Q6
| Basic Salary | 60000 |
Employees's Electricity Bill is paid directly by Company
Suppose Bill was of 2500
View answer
| PARTICULARS | AMOUNT RECEIVED | EXEMPT | TAXABLE |
| Basic Salary | 60000 | 0 | 60000 |
| Electricity Bill | 0 | 2500 | |
| Total | 60000 | 0 | 62500 |