Poonawalla fincorp
Poonawalla fincorp

Fuel Reimbursement

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 January 2011 After a Certain Grade We reimburse INR 5000/- P.M against fuel bills.
The employee owns the car. How much tax exemption can we claim on the same.
1. Can We claim 800/- against conveyance allowance & 1800/- against fuel reimbursement for motor car not exceeding 1.6.liters
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
20 January 2011 No... In my opinion, you can not claim both.

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