Are These Salary Components Really Tax-Friendly? Need Urgent Advice!

Hello All,

I am planning to include the following components in our salary structure for tax exemptions:

1. Vehicle fuel and maintenance reimbursement - Rs. 6000 per month
2. Mobile Phone expense reimbursement - Rs. 2000 per month
3. Journals and Magazine subscription reimbursement - Rs. 1000 per month
4. Self Education for Professional Development - Rs. 3000 per month

Can you please let me know how feasible they are in terms of tax treatment? Please treat this as urgent as I need to make the necessary changes by the end of June '10.

Regards,
Deepthi

For item No. 1, the maximum limit is ₹5000 per month for two-wheelers and ₹20,000 for four-wheelers for tax exemption. The employee should own the vehicle in their name to avail this exemption.