Driver salary taxability

 · Yes it is taxable as perquisites and the perquisite value would be as under. 1)If employee has small car: Amount reimbursed minus Rs per month minus Rs. for Driver. Suppose employee has been reimbursed per month including driver salary, taxable value would be = per month.  · Tax exemptions on personal car, driver salary, fuel etc. 1. Driver's salary. 4. Insurance Cost on car. 30 July If you are in business then you can debit all expenses in your business and shall be allowed as an expense. (ii) Any such allowance granted to the assessee either to meet his personal expenses at the place where the duties of his office or employment User Interaction Count: 3.  · The average salary for Driver is $40, per year in the United States. The average additional cash compensation for a Driver in the United States is undefined, with a range from undefined - undefined. Salaries estimates are based on salaries submitted anonymously to Glassdoor by Driver employees in the United www.doorway.rucy: USD.

Yes it is taxable as perquisites and the perquisite value would be as under. 1)If employee has small car: Amount reimbursed minus Rs per month minus Rs. for Driver. Suppose employee has been reimbursed per month including driver salary, taxable value would be = per month. J. by exceltmp. A driver salary receipt excel template is a record issued by the business to his workers when they are paid their pay rates. This straightforward business archive contains data about the compensation of a worker like his compensation, cash deducted as an expense, against a few advances, benefits or as national. Tax exemptions on personal car, driver salary, fuel etc. 1. Driver's salary. 4. Insurance Cost on car. 30 July If you are in business then you can debit all expenses in your business and shall be allowed as an expense. (ii) Any such allowance granted to the assessee either to meet his personal expenses at the place where the duties of his office or employment of profit are ordinarily performed by him or at the place where he ordinarily resides, or to compensate him for the increased.

Note that the slab specifies 'taxable' income and not your annual Salary. You can arrive at your taxable income by deducting your - rent allowance+investments+. The total taxable salary would be computed after reducing the allowances exempt under Section 10 and the balance salary would be taxable as per the Income. If you earn your income as an employee truck driver, this information will help you to work out what: income and allowances to report; you can.