Please let me be clarified whether the petrol allowance paid by the employer for using employee's own vehicle for execution of work which does not form part of the salary is taxable?
If taxable, what is the method of tax calculation?
09 May 2012
Since it does not form part of salary and is a reimbursement, whatsoever the amount may be, in my opinion it is not taxable. But the employee should give the details of conveyance charged from the employer and also it should be justifiable.
CAclubindia
