Pramod Bhatia (Tax Consultant ) 31 July 2019
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
caraccidents (seo) 23 January 2020
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.