Fuel deduction
This query is : Resolved
16 February 2012
employee is provided with 2000 for fuel from company plus he gets conveyance allowance..soo i want to know whether that 2000 is full taxable or thr is any deduction...pleaseee reply fast its urgent
CA. Pradeep Nayak
(Expert)
16 February 2012
If Rs. 2,000 is paid adhoc (not as reimbursement against bills) it is fully taxable. Conveyance Allowance is exempt at Rs. 800 per month.
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