I am a employee of coal India Ltd, and want to know that is the following allowances are taxable. LPG Re-imbursment,medical Re-imbursment,vehicle allowance.
1 Answers
These allowance would be exempted only upto amount for which bills are provided or maximum upto income tax rule limits.
Medical reimbursements are non taxable upto Rs 1250 per month.
Vehicle allowance would be non taxable upto 1800 Rs per month (Or 2400 Rs if car has more than 1600CC engine) for employee owned car.
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