Reimbursement on Newspaper, Books and Periodicals are Tax Exempted on actuals

Employees are always expected to keep abreast with the latest happenings and trends related to their profession e.g. Information Technology, AI, Automobile, legal, finance, medical etc. Continue reading “Reimbursement on Newspaper, Books and Periodicals are Tax Exempted on actuals”

Gift your Employees ₹5,000 Tax Exempted this summer

Employers in India gift their employees in cash or kind. These gifts are perquisites that an employee receives from his/her employer other than wages or salary. It is usually linked to performance or is a way for an employer to provide a gift during a festival.

Continue reading “Gift your Employees ₹5,000 Tax Exempted this summer”