Standard deduction + car fuel & maintenance reimbursement
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 April 2018
Need a clarification about FY 2018-19 taxation.
With the introduction of 40k standard deduction from 1st Apr, 18, is it allowed for individuals to get 40k deduction (medical reimbursement & conveyance allowance) + car fuel & maintenance reimbursement of either Rs. 21600 (if car CC is = 1600).
Request your inputs.
With the introduction of 40k standard deduction from 1st Apr, 18, is it allowed for individuals to get 40k deduction (medical reimbursement & conveyance allowance) + car fuel & maintenance reimbursement of either Rs. 21600 (if car CC is = 1600).
Request your inputs.
K Srinivas, CMA CS
(Expert)
01 April 2018
In my opinion, standard deduction will stay separate from the amount reimbursed for car fuel and maintenance of the car used for official duties.
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