Vehicle Maintenance Allowance

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Whether Vehicle Maintenance Allowance is eligible for any deduction under income tax granted to employee by employers
Replies (20)
Vehicle maintenance allowance is taxable
Vechile maintenence allowance is fully taxable as it is clerly mentioned that Any allowancw given except defined in the act is fully taxable. But if it is given as reimbursement it will attract FBT for the employer and will exempt for the employee. Regards, Anil Jain
Even if it is given as a reimbursement and if the vehicle belongs to the employee, it is taxable. Mere payment of FBT will not qualify a payment to be non-taxable, if it is ab initio taxable.
Obviously taxable!!!
But the act is silent on the reimbursement of any such sum taxability. If the payment is mentioned under FBT and employer is paying tax on the amount, and the same amount is taxable in the hands of the employee, isn't it double taxation?
Vichicel Maintaince charges are fully taxable in nature. No exemptions can be availed.
It is fully taxable. no exemption can be claimed.

I want to know about vehicle allowances in chemical industry 

Is vehicle maintenance allowace allowed only in case of Company vehicle?? Or it is exempt for personal vehicle maintained also??

Vehicle maintenance allowance given to the employee is taxable irrespective of whether the vehicle is owned by the employer or employee

In all the below cases VMA would be taxable: 1. Car allowance paid by employer and cost of personal car insurance premium, Road tax, Parking Fees and car maintanance charges reimbursed by employer. 2. Employee leases a car and employer pays for the monthly lease rental. 3. The value of perquisits to the employee is the cost incurred by the employer.

Hi,

My company is giving me Vehicle reimbursement allowance.I purchased Electric scooter.By any chance can I use that amount for tax exemption/deduction?

I got this from net....

 

Under section 10(14) exemption of  notified allowances is provided. The CBDT has   prescribed guidelines for the purpose of classes (i) and (ii) of Section 10(14)  vide  Notification No.SO617(E)  dated 7th July/ 1995 (F.No.l42/9/95TPL)which has been amended vide Notification SO No.403(E) dated 24.4.2000 (F,No.l42/34/99-TPL).

Vehicle maintenance allowance given to the employee is taxable irrespective of whether the vehicle is owned by the employer or employee

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