07 January 2014
Conveyance Allowance and Transport Allowance both are different. Conveyance Allowance is deductible to the extent of actual expenditure incurred on conveyance. Whereas Transport Allowance is exempt u/s 10(14) @ Rs.800/- pm. Transport Allowance is an allowance paid to an employee to meet expenditure on commuting between place of residence and place of duty.