Question

Discuss taxable benefits (with examples) *

its a taxation question

Answer 1

There are lots of taxable benefit, some of are discuss here-

-Bonuses: We got the bonuses every year , the small amount which is deducted from the salary and due to taxation given by banks we got the bonuses.

-Vacation expanses :. All the amount which is deposited in the bank is increased day by day by a fixed or variable rate due to taxation, and this taxable amount is come to us as a vacation expanses given by the working organization.

-Group time life lisurance:. When any one deposit a fixed amount at fixed interval as a life insurance then due to taxation this amount increases a lot and in case of any accident this amount Given to the man at that time of bad days.

-Relocation expances:. When anyone relocate from one place to another then the expances is managed by taxable amount got by the deposited amount on the bank . This is very beneficial in case to relocate.

-The value employer provided vehicle.

- Frequent flyer miles earned during business use converted to cash. etc.