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Car Allowances exemption

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 April 2010 I want to know whether car allowances in salary package is exempted while income tax calculations
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CA Kapil B Gupta

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CA Kapil B Gupta (Expert)
07 April 2010 Car allowance is not exempt for income tax calculation purposes.
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Querist : Anonymous

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Querist : Anonymous (Querist)
07 April 2010 thank you sir,

how is the calculation for take benefit in Income tax
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
07 April 2010 TREAT AS PERQUISITES, AND CHECK IT OUT WITH OTHER CRITERIA,
FOR DETAIL CHECK PERQUISITES VALUATION RULES.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
08 April 2010 if you are receiving as allowance .it cannot be treated as perqusites

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