CONVEYANCE ALLOWANCE
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 October 2010
Every time I am in confuse about conveyance allowance and transfport allowance. I would like to know how much conveyance amount exempt from tax in the hands of salary employees, and what are the ducuments required for claiming conveyance expemption.
for ex: Conveyance amount received by employee from the employer is Rs. 6500/- PM.
in the above situation what is the expempted amount? is fully exempt or Rs. 800/- PM
for ex: Conveyance amount received by employee from the employer is Rs. 6500/- PM.
in the above situation what is the expempted amount? is fully exempt or Rs. 800/- PM
23 October 2010
Transport allowance is exempted Rs.800 per month
Conveyance allowance is exempted only up to the offical usage, balance is taxable
refer circulars:
Circular : No. 764, dated 20-2-1998.
Circular: No. 196 [F. No. 275/29/76-ITJ], dated 31-3-1976.
Conveyance allowance is exempted only up to the offical usage, balance is taxable
refer circulars:
Circular : No. 764, dated 20-2-1998.
Circular: No. 196 [F. No. 275/29/76-ITJ], dated 31-3-1976.
23 October 2010
i Agreed
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