Car Allowances exemption

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 April 2010 I want to know whether car allowances in salary package is exempted while income tax calculations

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

Querist : Anonymous

Querist : Anonymous (Querist)

07 April 2010 thank you sir,

how is the calculation for take benefit in Income tax

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

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

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