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Querist : Anonymous

Querist : Anonymous (Querist)

17 August 2013 Respected Sir,

I would like to ask you How much petrol Allowance is exempt as per IT law?

Also for Attaire?

Can we give petrol All Rs 2.40 pa

Rgds

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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25 August 2013 Petrol allowance given for official purpose is not taxable. but incase personal purpose or official & personal purpose is need to be valued as per perquisites valuation rules

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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25 August 2013 Petrol allowance given for official purpose is not taxable. but incase personal purpose or official & personal purpose is need to be valued as per perquisites valuation rules

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