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Petrol Expenses Tax Deductible India
Petrol Expenses Tax Deductible India -
Find out the list of benefits available to a salaried person in India and save your tax legally
The benefit categorized as either fuel allowance car allowance petrol allowance or fuel allowance by corporate if availed by
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Your Petrol Diesel Expenses Can Help You Save Tax In Just Few Clicks
Your Petrol Diesel Expenses Can Help You Save Tax In Just Few Clicks
From the financial year 2019 2020 the standard deduction is Rs 50 000 which covers the transport and medical allowance Thus employees can claim the deduction of Rs
So in the hands of employee Rs 2400 per month is considered as taxable salary Suppose the same car is owned by Mr Radhakrishna and the running expenses
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Claim Medical Expenses On Taxes Income Tax Preparation Us Tax
Claim Medical Expenses On Taxes Income Tax Preparation Us Tax
The amount being collected by Centre as excise duty cess for each litre of petrol and diesel as on 01 07 2021 is Rs 32 90 litre and Rs 31 80 litre respectively
Fuel reimbursement Employees can request reimbursement from their employer to cover petrol or diesel expenses for their car However not all employees
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The benefit categorized as either fuel allowance car allowance petrol allowance or fuel allowance by corporate if availed by
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1 How much Petrol and Driver Reimbursement component is allowed under income tax can an company give 50 of salary as Petrol and Driver Reimbursement
The benefit categorized as either fuel allowance car allowance petrol allowance or fuel allowance by corporate if availed by
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