IRT section to claim fuel + driver salary+ insurance premium on company leased car (old tax regime)
This query is : Resolved
17 June 2025
I have taken company car on lease, and it is on company name. My company does gives me reimburse Rs 20000 /- for maintenances of car but I forget to submit the bills (Fuel, driver salary & insurances paid by me) by end of year, thus company made whole 9 months reimburse amount (rs 180000/-) in taxable income as unclaimed reimbursements. Is there a way I can claim it via ITR ? if yes, under what section ?
Thank in advance..
Thank in advance..
17 June 2025
According to Section 10(14)(ii) of the Income Tax Act and Rule 2BB of the Income Tax Rules, salaried individuals can claim conveyance allowance that is exempted up to the actual expenditure incurred for the official purpose or the entire allowance whichever is less will be exempted.
17 June 2025
Thank you !! It helped me and resolved the issue..
17 June 2025
You are welcome...
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