Income tax on reimbursement of my expenses by Employer

By | December 4, 2017
(Last Updated On: December 4, 2017)

My employer reimburses to me all my expenses on grocery and children’s education. Would these be considered as my income?​

Yes, these are in the nature of perquisites and should be valued as per the rules prescribed in this behalf.​​

Refer Section 17 Income Tax Act 1961 : Salary, perquisite and profits in lieu of salary

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