Dear Vidya,
In that case the amount reimbursed by the employer will not be a taxable perquisite but then employee cannot claim the exemption of tansport allowance amounting to Rs. 800/month
Amir
(Learner)
(4016 Points)
Replied 02 March 2010
Dear Vidya,
In that case the amount reimbursed by the employer will not be a taxable perquisite but then employee cannot claim the exemption of tansport allowance amounting to Rs. 800/month