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Conveyance allowance exempt under new tax regime u/s.10(14)

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(Querist)
15 July 2021 Conveyance allowance exempt under new tax regime u/s.10(14) of IT for the F.Y.2020-2021. If exempt, up to which extent. Please clarify anybody.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
15 July 2021 Yes exempt under new regime per rule 2BB (3)
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CMA Poornima Madhava

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CMA Poornima Madhava (Expert)
15 July 2021 Conveyance allowance (business related) is exempt to the extent of actual expense.




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