car reimbursement

Company gives me car reimbursement , the same is non txable allowances. Can i take my car loan installment under this allowance ?

asked Jan 03 '12 at 17:30 by Jaypal Vora 111

Loan installment paid for car loan cannot be claimed under car running expense reimbursements. There won't be any tax benefit available on car loan EMI.

answered Jan 04 '12 at 16:12 by Pankaj Batra 5.2k320


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Asked: Jan 03 '12 at 17:30

Seen: 1,427 times

Last updated: Jan 04 '12 at 16:12