Relocation Bonus Meaning | Is Relocation Bonus Taxable?

There are changing business requirements which may require some employees to relocate also. In this relocation process, they incur some cost which is bear by the company and is known as relocation bonus. It is given to an employee who has got a transfer to a new location or to an employee who is a new joiner. The relocation bonus can either be reimbursed by the current or new employer when you submit the related documents and receipts.