Does anyone of you receive Gym/Fitness reimbursements? If so, how is the tax calculated for that.

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Gym/Fitness Reimbursements

Data engineer

Gym/Fitness Reimbursements- Grapevine

Tax Claim

Senior Associate

How do you manage your reimbursable bills? Is there an app? 

Or do you just take photos of petrol bills, clothes bills etc?

It’s a pain in the ass to keep these bills and then upload, but if you do it correctly, I’ve seen people save a lot. Is it worth the hassle?

Reimbursement Bills part of Salary

Product Manager

Welcome to Office Gossip's Private Community

Sometimes our company exaggerates basic perks, Are any such good perks applicable in your current company? 

Razorpay: MacBook For Evryone 
Meesho: Work from Anywhere 

Also, Pet sick leave etc

Perks that makes sense

Hi all,

My organisation does reimbursement of the following upto around 15-20k. 
Can you suggest some good things that I can get benefit of under this.


- In-person or online courses or workshops
- Conferences
- Books
- Journal or magazine subscriptions
- Personal coaching
- Degree programs
- Professional certifications
- Professional memberships



Its like "use it or loose it".

Reimbursement

Consultant

Last year, I was grinding away at the client's office. They're like the big shots in the textile game. Fast forward to a Saturday night, 8:30 PM, and we're finally wrapping up our work.

My girlfriend flew from Delhi and we decide to hit up this ultra-luxurious restaurant for dinner. We go all out, order everything that catches our eye, and to top it off, we decide to cap the night with this mind-blowing dessert that sets us back a solid 25,000.

When the bill arrives,I pay and then I shoot a reimbursement request to the client; stating to have a dinner with one of their major vendors, thinking it's all in good fun, right?

Well, guess what? Next day the client comes back and I receive a mail stating my reimbursement is approved! I'm sitting there, staring at my phone, thinking, Did I just stumble onto some secret business dinner expense loophole?

Reimbursed 25,000 Dinner with girlfriend by EY client ✨

Seems like a fake story. And if True, speaks a great deal about the integrity of the folks EY employs. Good luck not getting caught

Management Consultant

Analyst

Context: 
I have to visit client location every 3rd week to present a basic presentation

I order Pizzas every weekend and raise a reimbursement request and he accepts it
Suggest me ways to misuse this...how can I take best of this loophole

Ways to misuse your reimbursements?

It was a mistake that I selected the new regime thinking that it would be easy to switch back to old one during ITR Filing, but now I do not have proofs such as the premium amount paid (for parental and self insurance taken from company), sodexo vouchers received, since nothing is mentioned in the Form 16. Is my salary slip enough for showing as proof if I receive a notice, or is it necessary to have separate receipts for these deductions that I will be claiming? Anyone else in a similar condition as I am, please share your experience.

ITR Filing hassles

Welcome to Software Engineers's Private Community

Those who are earning more than 50lpa base how much tax do you end up paying? 😶‍🌫️

Tax on 50lpa+

Software Engineer

Hi All,
  I switched to a new company last year and because of penalty clause, my joining bonus is deducted from the f&f settlement of the previous company. The issue is in my form 16 they have included it in my total earnings. Now my old employer is not correcting it. Whats the way forward? Can i correct it while filing ITR?

Joining bonus recovery - ITR

Strategy & Operations

A lot of my friends have opted for FBP benefits and they product bills for Car lease, driver’s salary, vehicle maintenance, etc which are not genuine. 
How safe it is? Request some insights here please. Because this FBP seems to help employees save significant taxes.

Flexi Benefit Plans or reimbursements

Gym owners on New Year

I got salary of 250000 in April which includes bonus + leave encashment around 90k, for which there was a 50k income tax cut for this month. HR said since bonus was more, they had to deduct 50k. Is this how it is usually done? Is that amount justified?

Income tax cut for bonus

Growth Manager

This really hit to core

We pay first world level taxes for a third world social security with 0 benefits.

Founder

I'm joining a remote company, and they usually send employees amazon gift cards so that they can buy laptops.

In the case of India, since the max gift card amount is 10k rupees, it is a little inconvenient. Hence, they're sending me the money to buy it myself, but I'm worried if this amount will be considered taxable.

Is money given by company to buy a laptop taxable?

UX/UI Designer

Most of the times we don't know the benefits that can be utilized. For example, we can get reimbursement for broadband bills, course fees, fuel claims etc.

What are the benefits that you are taking advantage of from your company that you think others should also make use of? Also it differs from company to company, but at large what useful things can be reimbursed or claimed?

Company benefits we all can benefit from

Data Scientist

Hello All, Does Anybody have ideas about the below thing

My company gives fuel reimbursement and if I make alteration to the registered name on my friend's RC duplicate copy for the purpose of tax savings, could there be any potential issues?

Any suggestions are most welcome

Thank you

Gym/Fitness Reimbursements

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