How to save tax by allocating Supplementary allowance to other salary elements

you can merge it in conyance allowance. it is a exmpet allowance

Originally posted by : CA NITIN AGRAWAL
	you can merge it in conyance allowance. it is a exmpet allowance

Thanks for your reply Mr. Nitin,

but in my tax calculation sheet by company, Conveyance Allowance is also reflecting in Gross salary and total salary (less 1 lakh exemption) is getting taxed.

Hence pls confirm why my company is clubbing conveyance allowance in total salary if it is exempted.

Regards

SSB

seniors/experts,

pls provide clarification for my query.

regards

SSB

Dear Shailendra, you have to ask your company why showing conyance allownace as a taxbale allowace

Dear Mr. Nitin,

Currently they are paying Transport Allowance Rs. 800/- per month

and Conveyance Allowance Rs 3200/-  per month.

The entire conveyance allowance is coming in form-16 as taxable, the transport allowance is coming as exempted in Form -16.

Is there any link between above to allowances, Shall I still raise the question with the company on why they are keeping conveyance allowance under taxable income.

Regards

Shailendra

 

Dear shilendra these both allowance are different, you can ask your company why they are showing conyance allowance as a taxbale allowance.

Dear Shailendra Transport Allowance: known also as LODA ,means allowance to meet expenses incurred for office to home and home to office is exempted up to 800 per month maximum. Conveyance allowance:To meet the expenditure on conveyance in performance of duties of an official nature:exempted to extent allowance used for said purpose

ok ,

i will raise the question with my company and come back.

Thanks for sharing information with us Mr. Nitin...

Regards

SSB