Hi,
We want to provide Car Allowance to the Senior Managers and Above. What should be the limit for the allowance and how is it calculated? Do employees have to produce any bills to claim it? We already give tax benefit for Fuel and Maintenance based on car capacity.
Regards,
Oindri
We want to provide Car Allowance to the Senior Managers and Above. What should be the limit for the allowance and how is it calculated? Do employees have to produce any bills to claim it? We already give tax benefit for Fuel and Maintenance based on car capacity.
Regards,
Oindri