MagicalJellybean
MagicalJellybean
2mo

Trending @Cognizant; Does Cognizant do Reimbursement for Food and Mobile without cut in Salary?

Hi I was seeing in MyPay like Food Reimbursement and Mobile Reimbursement, if we apply for claims does it cut in our salary or it's the amount that company sponsored.

2mo ago
ZestySushi
ZestySushi
2mo

It gets cut from salary and the remaining amount becomes taxable income. Your in-hand becomes slightly less but the amount is anyways paid back to you.

Companies don't sponsor anything on their own.

MagicalJellybean
MagicalJellybean

but the amount is anyways paid back to you. What does it mean ?
Then What's the point of claiming a reimbursement is it for Taxes

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