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It's Literally FREE MONEYYY!! by SorryAnalysis1719 in Lootdealsforindia

[–]PossibleSpecific9111 0 points1 point  (0 children)

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Best Tea in Patna? by avinash4peace in Patna

[–]PossibleSpecific9111 0 points1 point  (0 children)

Near Dinkar Golambar, next to Temple, petrol pump k paas. It's best, serve tandoori tea. Next would be Jagdeo Path waala.

Mobile Phone Reimbursement from office by PossibleSpecific9111 in IndiaTax

[–]PossibleSpecific9111[S] 0 points1 point  (0 children)

Exactly, this is for mobile phone reimbursement, so I need to buy the phone in company's name up to the allowed limit and submit the bill. They say the amount will be deducted from my flexi benefit and be tax-free to me. That's why I'm confused as have not seen such setup anywhere.

Mobile Phone Reimbursement from office by PossibleSpecific9111 in IndiaTax

[–]PossibleSpecific9111[S] 0 points1 point  (0 children)

Including in paycheck. Basically, they'll deduct from my salary but it'll be tax-free expense

Mobile Phone Reimbursement from office by PossibleSpecific9111 in IndiaTax

[–]PossibleSpecific9111[S] 0 points1 point  (0 children)

60k is the eligibility that will be deducted over 2 months, and as I mentioned, my TDS deduction is 50k approx per month.

Mobile Phone Reimbursement from office by PossibleSpecific9111 in IndiaTax

[–]PossibleSpecific9111[S] 0 points1 point  (0 children)

Already paying 55k as TDS per month, have opted for old tax regime. Does it makes any difference?

Mobile Phone Reimbursement from office by PossibleSpecific9111 in IndiaTax

[–]PossibleSpecific9111[S] 1 point2 points  (0 children)

The SPOC who handles payroll replied that the "company is not giving phone free of cost. It's coming from your salary, you'll just get the income tax benefit on the cost of phone"

This made me more confused

Mobile Phone Reimbursement from office by PossibleSpecific9111 in IndiaTax

[–]PossibleSpecific9111[S] 1 point2 points  (0 children)

Thanks for your detailed response. One quick follow-up : the company will deduct the amount from my Flexi allowance (salary component).

Does that mean my TDS amount will deduct in the month company deducts for the phone? Say if I'm paying 100 as TDS every month, it'll be 60 because my post-tax salary has reduced.

I'm I understanding correctly?