Updated Jan 23, 2021 | 18:13 IST
Following the outbreak of Covid pandemic early last year, many companies adopted a work from home policy for their employees Budget 2021: Govt may consider tax deduction for employees working from home, says Pwc India
New Delhi: The government could look at providing deductions for expenses incurred by salaried employees while working from home in the upcoming Budget as it looks to boost demand, consulting firm PwC India said on Thursday. Addressing a pre-budget session, Pwc India senior tax partner Rahul Garg said demand creation is particularly focussed on money being given or left in the hands of the individuals.
Budget 2021: Govt can provide tax deduction for employees working from home, says PwC
Following the outbreak of Covid pandemic early last year, many companies adopted a work from home policy for their employees
PTI | January 22, 2021 | Updated 07:51 IST
Pwc India senior tax partner Rahul Garg said such a measure would be reasonably equitable because if businesses were to incur that expense, that would have been a deductible expenditure in their books
The government could look at providing deductions for expenses incurred by salaried employees while working from home in the upcoming Budget as it looks to boost demand, consulting firm PwC India said on Thursday. Addressing a pre-budget session, Pwc India senior tax partner Rahul Garg said demand creation is particularly focussed on money being given or left in the hands of the individuals.
Govt can look to provide tax deduction for employees working from home: Pwc India
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Last Updated: Jan 21, 2021, 06:57 PM IST
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Addressing a pre-budget session, Pwc India senior tax partner Rahul Garg said demand creation is particularly focussed on money being given or left in the hands of the individuals.
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Following the outbreak of COVID pandemic early last year, many companies adopted a work from home policy for their employees.
New Delhi: The government could look at providing deductions for expenses incurred by salaried employees while working from home in the upcoming Budget as it looks to boost demand, consulting firm PwC India said on Thursday. Addressing a pre-budget session, Pwc India senior tax partner Rahul Garg said demand creation is particularly focussed on money being given or left in the hands of the individuals.
The government could look at providing deductions for expenses incurred by salaried employees while working from home in the upcoming Budget as it looks to boost demand, consulting firm PwC India said on Thursday. Addressing a pre-budget session, Pwc India senior tax partner Rahul Garg said demand creation is particularly focussed on money being given or left in the hands of the individuals. One clear thinking is at the level of small to medium taxpayer can we look at, in view of the COVID, a deduction to them particularly for salaried employees when they work from home. So whatever expenditure they are incurring working from home, which expenditure in the typical case would have been incurred in office by their employers if they were using offices to work if you allow that to be treated as giving them an entitlement for deduction and that saves tax for them. It will leave more money in their hands, Garg said.