reimbursement of conveyance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 August 2012
is reimbursement of conveyance fixed 2500/- pm taxable ?
21 August 2012
This will normally be considered in the contextof employment agreement. If it wholly for the purposes of carrying out official duties.. then non taxable. Otherwise... taxable. The fixedness or otherwise is not the confirmatory test.
Guest
Guest
(Expert)
21 August 2012
Conveyance means the reimbursement made to employees for expenditure on travelling in course of employment i.e.reimbursement of expenses incurred after reaching office and visit to some place for official work. Eg: accountant going to income tax dept after going to office. Reimbursement of such expenses to extent of actual amount incurred will be exempt from tax.
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