Taxability
This query is : Resolved
10 February 2011
Whether Car & Fuel allowance & meal allowance received by employees from its employer is exempt ?
If yes under which section ?
If yes under which section ?
chetan soni
(Expert)
10 February 2011
Car & Fuel allowances are exempted to the extent bills submitted by employees.
Meal allowances is exempted to the extent Rs. 50 per meal restricted to 2 meals a day for each working days of the month.
Meal allowances is exempted to the extent Rs. 50 per meal restricted to 2 meals a day for each working days of the month.
Guest
Guest
(Expert)
10 February 2011
Car & Fuel allowances are exempted to the extent of expenses actually incurred..
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