Conveyance allowance exemption under section 10 (14)

The individual should get exemption of Rs 8400/- p.a.

The calculation is Rs 600/-x6+Rs800/-x6 only,since the exemption cannot exceed receipt .

If it is not shown in salary ,he may get exemption at Rs 800/--p.m.

kkm

My income is 20000 and 2000 is conveyance allowance, company will deduct tax on conveyance too?

yes,Company will deduct  tax on total amout ( Basic Salary + Conveyance allowance) i.e in your case (20000+2000)=22000/-

Hi Bhupesh,

Company has to deduct tax only on taxable part of salary. Out of 2000, if 800 is exempt, then company has to deduct tax on 21,200 not on 22,000.

Thanks

Harpreet

hi...if company pay salary arrears from jan to sept. in the m\o Oct. than exemption of cony of rs.800/- per month will applicable from april to sept.

i get rs.15510=00 per month as conveyance allowance on basic salary of 20680=00, what amount can be deducted from income regarding conveyance asllowance.

If i get transport allowance of Rs 150 for April,May and june. Rs. 400 for july,august,september and october. Rs. 600 for d remainig dat is from nov to march. and i recieve Rs 500 as arrears of TA in the month of august. although my total is rs 5550 which is less than 9600 (800*12). But in the month of august it is 900 so should i claim 800 for august or full 900 ?