Can any body tell me how much amount will be taxable if employer is paying amount for petrol to employees per month? This is not any type of reimbursement..it is a part of salary..
Is it more than Rs 900? Plz note we are prop.ship firm.
28 December 2009
As you know all the perquisites are taxable in the hands of employee. There is no limit stated for perquisites in income tax act 1961.
CAclubindia
