06 June 2013
If an employee is getting a salary of Rs 13,00,000/- per annum ,what are the non taxable perquisites that can be included in the salary structure as per the Income Tax Act/Rules. Is telephone perquisite fully exempt or are there limits? If the employer is providing reimbursement of motor car petrol and maintenance bills of Rs 1800/- per month is that amount exempt in the employees hands? Is there a specific exemption for journals/helper allowance in the IT Act? Please clarify .
Querist :
Anonymous
Querist :
Anonymous
(Querist)
07 June 2013
Dear Experts,
I am eagerly awaiting your reply to the above query.