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Tax on reimbursement of petrol expenses.

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(Querist)
27 February 2014 if a person getting reimbursement 25 litre petrol as expenses incurred on travel on duty for bank's work. whether the amount is taxable or not?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
27 February 2014 no..it wont be included in your income. should normally be parked as conveyance expenses in bank's books.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
03 March 2014 if fully reimbursed as actual incurred then not taxable.
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