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Prabh   10 August 2020

Employee reimbursement policy

In Covid-19 we want to roll out one employee reimbursement policy in coming week for furniture at home to provide employee ergonomic environment. Few of employees already spent amount for this post covid-19 now they will be loosing benefit. so cover above employee who have already spent the amount we want to cover them in policy which will be rolling up in a week time covering prior period post covid-19 whether any compliance issue if we cover employee who already spend amount post covid -19 what are tax implication on employee?


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 1 Replies

G.L.N. Prasad (Retired employee.)     11 August 2020

There may not be such any problem in reimbursing the actual amount with retrospective effect of actual expenditure, but get such clarification from your Chartered Accountant. (Tax authorities may not be knowing exactly when the amount was spent by employees as it should be on self declaration basis)


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