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Perks-Petrol

This query is : Resolved 
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(Querist)
28 December 2009 Dera Members

Can any body tell me how much amount will be taxable if employer is paying amount for petrol to employees per month?
This is not any type of reimbursement..it is a part of salary..

Is it more than Rs 900?
Plz note we are prop.ship firm.
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Arjuna Raina

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Arjuna Raina (Expert)
28 December 2009 As you know all the perquisites are taxable in the hands of employee. There is no limit stated for perquisites in income tax act 1961.
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ravi verma

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ravi verma (Querist)
28 December 2009 If we r prop ship firm in that case also this will applicable?
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ravi verma

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ravi verma (Querist)
28 December 2009 If we r prop ship firm in that case also this will applicable?
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