Petrol Allowance Format
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I would like to ask under which section we can claim motor vehicle fuel and maintenance expenses. Can a person claim such exemption when the vehicle is registered in the name of his father, and the registered owner of the vehicle (the father in this case) is not...
@hilmesh1611:> Dear All,> > Can we give certain senior employees a standard conveyance allowance of Rs 800 and then Rs 1500 as petrol reimbursement against bills? Will this create any issue, or is it okay to give.> > Dear Hilmesh,> > A conveyance allowance of Rs...
Dear All,Can we give certain senior employees a standard conveyance allowance of 800 and then 1500/- as petrol reimbursement against a bill? Will this create any issue, or is it okay to give?
Subject: Clarification on TA Component in SalaryHello,I would like to inquire about the TA component in the salary. Does this TA include:1\. Travel from residence to the office?2\. Travel from residence to the office and other office requirements?Your advice on ...
Dear All,What I meant by incentive was that it will be an attraction to my seniors. Apart from the usual travel allowance, they will have the facility of reimbursing 1000 or 1500 Rs/month against proper petrol bills. This reimbursement will not be reflected in t...
The way you have explained, it is nothing but additional income to employees. You are paying Rs. 800 as an allowance and some more amount as Petrol Reimbursement. Hence, even though you are calling it reimbursement, it is nothing but an allowance, and it needs t...
You may claim, and an employer may reimburse also, but it is not tax-exempt. It needs to be added to Taxable Income. In case any employer is not adding it to Taxable Income, then it is nothing but evasion of tax.@aditya.ladha:> I would like to ask under which se...
Respected sir,Please provide the proper procedure for the settlement of T.A. and D.A. according to the structure from top to bottom.
As per Income Tax rules, payment of Rs. 800 per month as conveyance allowance with salary is exempted from Income Tax.Employers can give any amount to employees as reimbursement, subject to certain conditions and company policies. However, if the amount is given...
As per income tax rules, Rs.800 per month towards conveyance allowance is tax-free. Any amount paid above Rs.800 becomes taxable in the hands of the receiver. However, reimbursement of conveyance on an actual basis is not taxable.Thank you,