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Car, driver and car maintenance allowances in salary


Pramod Bhatia (Tax Consultant )     31 July 2019

Pramod Bhatia
Tax Consultant  
 1 likes  33 points

| My Other Post

Dear Experts,

 

I Parmod Bhatia working with a company as a Manager Accounts. My query is in my last organisation they give Managers employees exemptions in salary to save taxes as below :

1) Car Allowances ( Travelling for office duty ) Us/ 10 (14) Rs.500000

2) Driver allowance Rs.12000 per month

3) Car Maintenance Rs.10000 Per month

4) Fuel Allowances Rs.10000 Per month

 

No one have company car neither any expenses they incurred just to save taxes employer given so who fall above 30% slab could save Income Tax.

 

Is this right ? 

 

Waiting for your valuable advice on it. Thanks 

avater

Kapadia Pravin   31 July 2019

Kapadia Pravin

 915 likes  14283 points

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This is not right

caraccidents (seo)     23 January 2020

caraccidents
seo 
 22 points

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If an incident was your lack and the damage looks minor, it's luring to offer to pay cash for the other driver's fixes. In any case, it might be costlier than visit car websites you may speculate. As demonstrated by Consumer Reports, different test crashes at just 10 mph made mischief that watched minor yet assessed out at $3,000 to $6,000.


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