Fuel Reimbursement

it is cosidered as personal one so .......its a nt type of allowance...and amt of exps reimbursed should be treated as salary......and charged to tax.....

Hi Maulik,

Thanks for your response.

Ok. Point 2 agreed. It is considered as personal.

However, what is fuel reimbursement? What are the conditiios and implications for fuel reimbursement when the vehicle is owned by the employee and used for both official as well as personal purposes? What are the records that need to be maintained?

Regards,

Guru

its called conveyance allowance......and also for that notification is already issued by income tax dept.........SEE IF U ASKED IN RELATION TO MOTORCAR........

see the link

https://www.simpletaxindia.org/2009/12/valuation-of-motor-car-perquisities-ay.html