08 July 2009
Since mr. pranav mukharjee has abolished FBT on expenses. Post budget what will be income tax liability on reimbursment of petrol bills & driver salary & who is supposed to pay ( employee or Employers ) and what rate of taxes will applicable.
regards & thanks
( vinod K Jain ) Manager - Accounts Select Citywalk, New Delhi
Guest
Guest
(Expert)
09 July 2009
Such reimbursements are not taxable now.
CAclubindia
