banner_ad

INCOME TAX IMPACT ON CAR ALLOWANCE

This query is : Resolved 
Profile Image

Profile Image

(Querist)
15 February 2011 Dear Sir,

Please provide us the treatment of car allowance received from employer under cafetaria approach without giving any reimbursement claim form.

This may please be discussed keeping in view about the provision of rebate officers used to enjoy when the car is in the name of officer and running & maintenance expenditure are being reimbursed by the company against reimbursement claim form.

With regards

CMA Swarup K Chakraborty
Profile Image

CMA. Dinesh S Adhikari, ACMA

Profile Image

CMA. Dinesh S Adhikari, ACMA (Expert)
16 February 2011 Dear Sir,

If car in the name of the officer and company paid all expenses then amount will be taxable as follow:

Total amount paid by the company Less (Rs. 1800pm + Rs. 900pm)

Please note if car having capacity less then 1800 cc then Rs. 1800 otherwise this will be Rs. 2400 and if chauffeur(driver) also provided then only you will have to take Rs. 900.

Regards!!!
Dinesh S. Adhikari
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details