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 |
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