Poonawalla fincorps
Poonawalla fincorps

Travelling allowance & fuel reimburshment

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
27 January 2018 Dear Experts,

Am getting standard Travel allowance Rs.40000 and Fuel reimbursement Rs. 30000 against of bill for every month.
Is it taxable or exempted from Income tax. What income tax rules said ?
Very very urgent . Pl. reply any one with section and sub clause wise . Pl..


Note : ( it is apart from my salary & paying 20% slab rate of tax for my salary income.).


28 January 2018 Any allowances is considered as part of Salary income is taxable applicable slab depending on salary,

Fuel Reimbursement against actual bill is expenses to organisations it is not considered as salary income. If reimbursement expenses is fixed amount it is also considered as allowance.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries