07-13-2009, 06:52 PM
Although LapTop has correctly quoted the section, had he explained the meaning ,no necessity would have been arisen for further explanation.
It has interalia been mentioned in the ordinance that those expenditures, which incur specifically for the purpose of employee's duties, are exempted from Tax.
In this regards, Reimbursement on account of fuel is exempt from tax ,if fuel is being consumed for the accomplishment of Duty, However if a fixed allowance is provided to an employee then this (allowance) will not be treated to be exempted.
Best Regards,
It has interalia been mentioned in the ordinance that those expenditures, which incur specifically for the purpose of employee's duties, are exempted from Tax.
In this regards, Reimbursement on account of fuel is exempt from tax ,if fuel is being consumed for the accomplishment of Duty, However if a fixed allowance is provided to an employee then this (allowance) will not be treated to be exempted.
Best Regards,
