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Exemption of conveyance allaowance

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25 July 2014 Weather conveyance allowance is exsepted upto Rs 9600 and shulld be less from gross slary in Form16

26 July 2014 it will be shown as exempted amount under section 10.

26 July 2014 It will be reflected in Form 16. Exemption from Conveyance Allowance can be claimed only if it is a part of salary structure. For example-

1) Employee receive Rs 500 per month. Deduction available will be Rs 500 per month.
2) Employee receive Rs 5000 per month. Deduction available Rs 800 per month.
4) In the salary structure conveyance allowance is not shown. No deduction available.






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