Commute reimburement
This query is : Resolved
01 October 2011
Hi
I want to know if a employer can give commute reimburesment against petrol bills to their employees. If yes,
(a) will it be taxable on employee part?
(b) what is max limit for such reimburement? Is there any ratio or rule for it?
(c) under which Income Tax act employer can give this benefit to their employees?
(d) Will this be applied only to those employees who use car?
Regards,
Yogesh
I want to know if a employer can give commute reimburesment against petrol bills to their employees. If yes,
(a) will it be taxable on employee part?
(b) what is max limit for such reimburement? Is there any ratio or rule for it?
(c) under which Income Tax act employer can give this benefit to their employees?
(d) Will this be applied only to those employees who use car?
Regards,
Yogesh
06 October 2011
Yes. it can be reimbursed
if it is official purpose then not taxable otherwise need to be valued under perquisite valuation rules
if it is official purpose then not taxable otherwise need to be valued under perquisite valuation rules
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