Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Jun 08, 2018

Not Claiming Reimbursement Benefits From Your Employer? Read This

Not Claiming Reimbursement Benefits From Your Employer? Read This
The research insisted that the process for filing reimbursement claims needs to be simplified.

Companies often offer the option of filing medical, conveyance and telephone bills to their employees, to claim income tax deduction. However, a significant majority of employees opt out of it thinking that this will increase their-in-hand salary, a survey found. The survey by data measurement company Nielsen and fintech startup Zeta stressed on the need to make employees aware of the income tax benefits that these reimbursement claims offer. A total of 56 six per cent of employees who opt out of reimbursements do so for a higher in-hand salary, according to the findings of the survey.

(A total of 56 six per cent of employees who opt out of reimbursements do so for a higher in-hand salary, according to the Nielsen-Zeta survey.)Also Read: With Income Tax Filing Dates Around The Corner, A Guide To File ReturnsOfferings under tax-saving benefitstaxstandard deduction of Rs 40,000
(Not many companies prefer to provide meal vouchers, says the survey.)Digital filings for reimbursements

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search