Travelling allowance & fuel reimburshment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 January 2018
Dear Experts,
Am getting standard Travel allowance Rs.40000 and Fuel reimbursement Rs. 30000 against of bill for every month.
Is it taxable or exempted from Income tax. What income tax rules said ?
Very very urgent . Pl. reply any one with section and sub clause wise . Pl..
Note : ( it is apart from my salary & paying 20% slab rate of tax for my salary income.).
Am getting standard Travel allowance Rs.40000 and Fuel reimbursement Rs. 30000 against of bill for every month.
Is it taxable or exempted from Income tax. What income tax rules said ?
Very very urgent . Pl. reply any one with section and sub clause wise . Pl..
Note : ( it is apart from my salary & paying 20% slab rate of tax for my salary income.).
KAVIRAJA ADDANGADI
(Expert)
28 January 2018
Any allowances is considered as part of Salary income is taxable applicable slab depending on salary,
Fuel Reimbursement against actual bill is expenses to organisations it is not considered as salary income. If reimbursement expenses is fixed amount it is also considered as allowance.
Fuel Reimbursement against actual bill is expenses to organisations it is not considered as salary income. If reimbursement expenses is fixed amount it is also considered as allowance.
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