confirmation about incom tax

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.

asked Jan 31 '12 at 23:13 by Sanjay Sahu 1111

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.

answered Feb 10 '12 at 13:56 by Pankaj Batra 5.2k320


Know someone who can answer? Share a link to this question via Email, Twitter, or Facebook

Your answer
toggle preview

Follow this question

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

  • *italic* or __italic__
  • **bold** or __bold__
  • link:[text]( "title")
  • image?![alt text](/path/img.jpg "title")
  • numbered list: 1. Foo 2. Bar
  • to add a line break simply add two spaces to where you would like the new line to be.
  • basic HTML tags are also supported



Asked: Jan 31 '12 at 23:13

Seen: 1,171 times

Last updated: Feb 10 '12 at 13:56