WFH could mean higher tax for some, altering pay structure may give relief

But many expenses incurred during WFH can't be treated as non-taxable until law is amended

Topics
Income tax | Leave Travel Allowance | Lockdown

Bindisha Sarang Last Updated at August 18, 2020 06:04 IST

If you think work from home due to Covid-19 has benefited you by cutting down expenses like daily commutes and eating out, think again. You may end up with a higher income-tax (I-T) bill for the current financial year (2020-21).

The reimbursement components of your salary require you to furnish bills before they become tax-exempt. Producing them may be difficult this year. According to Suresh Surana, founder, RSM India: “Reimbursements like motor car, entertainment, conveyance expenses, etc will be taxable as they are linked to actual expenses incurred while performing your ...

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs

Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber? LOGIN NOW

Read our full coverage on Income tax

First Published: Tue, August 18 2020. 06:04 IST

Premium Services In Partnership with


Dear Guest,

WFH could mean higher tax for some\, altering pay structure may give relief

WFH could mean higher tax for some, altering pay structure may give relief

But many expenses incurred during WFH can't be treated as non-taxable until law is amended

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs

Already a premium subscriber? LOGIN NOW

Connect with BS