Good Afternoon, please confirm if the fuel reimbursements, which are part of employees' CTC, are tax-free for the entire amount, or tax-free to some extent and the rest is taxable. Could you also send the related laws on this?
Regards,
Kaushik Mondal
From India, Calcutta
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2Regards,
Kaushik Mondal
From India, Calcutta
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Inclusion of Reimbursement in CTC
How will the reimbursement become a part of CTC? It may be a fuel allowance. Fuel allowances are exempt from tax subject to the production of proof and certification if those expenses are meant for official purposes.
Regards,
Pon
From India, Lucknow
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How will the reimbursement become a part of CTC? It may be a fuel allowance. Fuel allowances are exempt from tax subject to the production of proof and certification if those expenses are meant for official purposes.
Regards,
Pon
From India, Lucknow
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Salary less tax - CTC.xls
Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf