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Conversation Starter
I think they are part of FBP and apply to all irrespective of tax regime selection
It’s just a way of structuring you salary in a way that company pay the same amount as expense when proofs are submitted, otherwise it would be counted in your taxable salary
Similar to how you get brokerage, transport etc. expense reimbursed as new joiner only difference here is it’s monthly expense to company
- I am not from HR, just what I understood, if anyone know better feel free to correct me
Community Builder
Under what section is it reflected ? Cos I have claimed telephone expenses but it is not reflected in my form16
No... The new tax regime doesn't give you any kind of benefits. No 80C as well.
Anyone have clear idea on LTA, and how to claim fir tax benefits.
Rising Star
Don't know
Please refer to https://cleartax.in/s/old-tax-regime-vs-new-tax-regime
There is a calculator in the payroll portal. You can check these details over there as well.