Fuel reimbursement
This query is : Resolved
CA Sumit Arora
(Querist)
24 March 2015
Hello All,
Will fuel reimbursement be taxable in the hands of employee even if he submits the bills to the employer.
Regards
Sumit Arora
Will fuel reimbursement be taxable in the hands of employee even if he submits the bills to the employer.
Regards
Sumit Arora
24 March 2015
how exp is taxable??????????
CA Sumit Arora
(Querist)
24 March 2015
Sir,
Fuel reimbursement is a part of salary.
Fuel reimbursement is a part of salary.
Rupesh Jain
(Expert)
24 March 2015
if it is for company work then its not taxable.
if it is for the personal exp. then its taxable as perquisites in hand of employee.
if it is for the personal exp. then its taxable as perquisites in hand of employee.
24 March 2015
to the extent they have spent there is no amount taxable.
24 March 2015
Hi,
Fuel reimbursements that are components of salary are not taxable provided receipts are submitted.
Where fuel receipts are not submitted then TDS is deducted and the net amount is paid to the employee.
Fuel reimbursements that are components of salary are not taxable provided receipts are submitted.
Where fuel receipts are not submitted then TDS is deducted and the net amount is paid to the employee.
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