Books and Periodicals

Arnold30 Sep, 2021Finance

Through books and periodical allowances, the employee can claim reimbursement over expenses sustain on newspapers, books, magazines, etc.Reimbursement for these things is tax-free for employees.These reimbursements are tax-free for employees. The maximum amount of reimbursement is limited to The Actual bill amount or Amount provided for this in CTC whichever is lower.