Deductions
Can someone please share if there is any way to take tax deductions for cost incurred in a home office where one is having a requirement to work from home for half the time. The payment received is in salary from job but cost of internet/space/services is incurred by the employee. more
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Any income derived is taxable irrespective of the mode of work. Try to invest the money in any of the tax saving schemes. more
Aug 30
companies providing facility to work from home. some companies are providing free phone ( fixed amount pm) or internet monthly fixed amount like that. you can bargain for that. as per IT no provision more
Aug 29
At present, there is no provision of any deduction allowed from salary for the simple reason that any employee is working from his / her phone. This is his / her terms of employment from where he is allowed to work. But any reimbursement on submitting bill / proof of expenditure, as per terms of employment, received from employer is tax free. Please note clearly that it should be on submitting of bills / proof only. There may be any term. Moreover, employer should not show it under salary part. more
Aug 28
if your employer is giving you HRA also you can take the deduction for the same, calculated as per income tax rules more
Aug 28
For salaried person there are no deductions for personal or official expenses incurred by him or her. If you are doing work from home half the time but getting remuneration in the form of salary then no deduction can be claimed in ITR. Total income is taxable as salary income. Rest is the understanding between you and your employer. more
Aug 28
