24 February 2010
conveyance reibursement can be taxable in individual hands after the abolition of fbt. now if we are regularly paying the fixed conveyance reimbursement to our employee then how can we save the employee by not getting him tax in perquisites valuation.
24 February 2010
paying the fixed conveyance reimbursement is covered under conveyance allowane and excess of Rs. 800/- p.m. is taxable in the hands of employee.
24 February 2010
thanks Mr Gupta, but how can we save this amount to be taxed in employee hand.
can we pay reimbursement to employee with a ceiling limit difine for each employee and fix it only for official purpose then also is it liable to be taxed in employees hand.
24 February 2010
Conveyance reimburement or allowance both are taxable to the extent of offical usage.Rs.800 exemption available only for transport allowance
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