Petrol & mobile allowanace - monthly

This query is : Resolved

CA.Kamalesh Prajapati (Querist)
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21 March 2014 I am getting monthly Petrol allowance of Rs 2,535 & Mobile Allowance of Rs.2,535 monthly in Salary payment from Company.

Is it taxable fully ?

Kamlesh Prajapati

Anand Dad

Anand Dad (Expert)
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21 March 2014 you can take the exemption of Rs.800 p.m. under the head of Transport Allowance

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Anand Dad

Anand Dad (Expert)
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21 March 2014 Mobile Allowance is not exempted.

It is fully taxable.

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