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Sudha Reddy
Please give your answer with reason. We can correct if required
12500 ( Perquisite received from employer) Add:25000 (Employee is not specified person so,if it reimbursement by employer fully taxable) Add;750*12=9000 (Since not specified person exemption upto 1000 is not available)
1. Any expenditure incurred by the employer, for providing training to the employees or by way of payment of fees of refresher courses attended by the employees. So, seminar fees of Rs. 12,500 is not a perquisite and exempt. 2. Rs. 25,000 is taxable 3. Sapna tution fee (5250 - 750) x 12 = Rs. 54,000 is taxable So, in total Rs. 79,000 is the income from salaries
Yoga Vishnu
1. Any expenditure incurred by the employer, for providing training to the employees or by way of payment of fees of refresher courses attended by the employees. So, seminar fees of Rs. 12,500 is not a perquisite and exempt. 2. Rs. 25,000 is taxable 3. Sapna tution fee (5250 - 750) x 12 = Rs. 54,000 is taxable So, in total Rs. 79,000 is the income from salaries
Sir is mr.jagat is specified employee in the question or not
Yoga Vishnu
1. Any expenditure incurred by the employer, for providing training to the employees or by way of payment of fees of refresher courses attended by the employees. So, seminar fees of Rs. 12,500 is not a perquisite and exempt. 2. Rs. 25,000 is taxable 3. Sapna tution fee (5250 - 750) x 12 = Rs. 54,000 is taxable So, in total Rs. 79,000 is the income from salaries
For specified employee upto 1000 is exempt in case if similar institution have same fee .if in similar institution fees is more than exempt limit we have to taxable as net fee is that right sir
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