Hi everyone
Just need a confirmation about one reimbursement component , Is there any Self education kinda reimbursement for professional development ?
If there is then what would be the maximum tax exemption limit for that?
From India, Ghaziabad
Just need a confirmation about one reimbursement component , Is there any Self education kinda reimbursement for professional development ?
If there is then what would be the maximum tax exemption limit for that?
From India, Ghaziabad
Any reimbursement given by the company is exempt from tax in the hands of the employee.
For the company, would be tax exempt expense.
But be clear the amount being paid by the company is a reimbursement and not an allowance. That means it will be paid against the voucher with the supporting of the original amount/bill from the institute where you are studying. For the bill will be paid directly by the company to the institute.
From India, Mumbai
2383For the company, would be tax exempt expense.
But be clear the amount being paid by the company is a reimbursement and not an allowance. That means it will be paid against the voucher with the supporting of the original amount/bill from the institute where you are studying. For the bill will be paid directly by the company to the institute.
From India, Mumbai
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