Petrol reimbursement ceiling amount


Regarding Petrol reimbursement- To claim tax exemption, Is it like 21600/- (1800*120) for a year and employee shall furnish the bills worth this amount anytime within the financial year. Or upto 1800/- only every month... This question aroused when an employee submitted a bill for car maintenance worth Rs.4500/- for a month and he is asking to adjust the balance amt (4500-1800) with the coming month's reimbursement.

Thanks, HRIM

asked May 30 '12 at 15:10 by HRIM 12519

Its 21600 per year maximum.

Most of the employer does carry forward extra claimed amount to coming months. Say if employee submitted Rs 5400 bills in April. He may not submit more bills in next two months and still get amount reimbursed as non taxable.

answered May 30 '12 at 23:15 by Pankaj Batra 5.2k320


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Asked: May 30 '12 at 15:10

Seen: 1,826 times

Last updated: Apr 03 '13 at 11:05