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6/3/21

If you have also received reimbursement money for work from home, find out here how much tax to pay

To your advantage:  If you have also received reimbursement money for work from home, find out here how much tax to pay







Many companies are giving their employees work from home because of the Corona epidemic. People have to buy many things including high speed internet and office table to work at home. Some companies have provided these facilities at the employees' homes at their own expense, while some companies have reimbursed the expenses. 


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In such a situation, the question in the minds of the people is whether the reimburses received from the company will be taxed or not. CA Abhay Sharma (Former Chairman Indore Chartered Accounts Branch) is giving important information related to this ...

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The employee will not have to pay tax on this amount.
CA Abhay Sharma is stating that the amount of reimbursement is not taxable as it is not part of your income. It is not included in your CTC. If your company is giving you a work-from-home allowance, it will be considered a company expense, but it will not be included in your income. So it will not be taxable.

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Billing is required If the company pays you reimbursement money, the employee is required to bill everything you have purchased. If your company is giving you a work-from-home allowance and does not ask you if you have spent it or if you do not bill the item, you may have to pay tax on it. So the bill of any item needs to be shown to the company so that the company can show it at its own cost.




What does the income tax rule say about this?
According to Abhay Sharma, there is no separate rule for work-from-home reimbursement but the way a company sends an employee from one job to another and provides money to the employee, the amount will not be considered part of the employee's income as these expenses are borne by the company. Has been for work. Similarly, the amount of reimbursement will not be considered as part of the employee's income.

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