This discussion clarifies whether Conveyance Allowance can be claimed for tax exemption in an Income Tax Return (ITR), even if it's bundled under 'special allowance' in your CTC. The advice given suggests that claiming this specific exemption under Section 10 sub-section 14(ii) for Rs 19,200 may not be eligible in the current tax landscape.
My company is not showing Conveyance Allowance in CTC. They are giving all allowance in special allowance section. Can I show Conveyance Allowance while filling ITR to get tax exemption under section 10 sub-section 14(ii) for RS 19200 (Conveyance Allowance)