medium10 pts · first answer countspayroll-processingctcincome-tax

Flexible benefit plan in the old regime

An old-regime employee has ₹60,000 a year allocated to a flexible benefit plan for fuel, internet and meal benefits. They submit valid bills for only ₹40,000. What happens to the rest?

A.The ₹20,000 is forfeited and is never paid outB.The full ₹60,000 is still treated as tax-freeC.The ₹20,000 carries forward forever, untaxedD.The unbilled ₹20,000 is paid out as a taxable allowance

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Flexible benefit plan in the old regime

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