Tax Rebate – Fuel Bill

Do You want to Save Tax of 10350 on addition to the existing claims. Please read below

Fuel Bill Claim
Although you have the conveyance allowance, if you include fuel allowance in your CTC you can claim the tax benefit upto 10350.00/-.

Eligibility for Fuel Bill Claim
If you have Fuel Bill Allowance in your CTC and you have a 2- wheeler or 4- wheeler.  Some Companies will not include the component in CTC but they allow to submit the bill and get the tax claim.

Deduction limit under Fuel Bill Claim
Your taxable income can be reduced by minimum Rs. 30,000 for fuel bill claim. To get this rebate you must declare it while filing Income Tax Return. Your taxable income reduces by the amount you claim as exemption.

How to get Bill Claim tax benefit
You can get Fuel bill tax deduction for travel expense by self vehicle by submitting proofs to the HR so they adjust that while applying TDS on your salary or if you miss it you can still claim it while filing income tax returns.

Final comment By LtaBillMedicalBill.com

Get the bills from us for 3% charges to save the tax in huge amount.

Lets Consider You are in Taxation slab of 30%
For Bill Amount of 30000 you pay us 900/- Only
Total Tax saved by this bill = (30000*30% ) +15% on the tax amount.

30% Tax Amount(5000 * 30%)             = 9000.00
Service Tax on Tax 15% on above          =  1350.00
Total Tax Saved                                  = 10350.00

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