22 August 2009
I am getting conveyance reimburshment a sum of Rs. 6000.00 per month, what is taxable or not at the hand of employee. earlier company is paying FBT on the said amount of conveyance reimburshment.and other I am also getting a conveyance allowance of Rs. 800.00 per month.
22 August 2009
Conveyance reimbursement is not taxable to the extent it is incurred for offical purposes. Conveyance Allowance is exempt upto Rs.800 pm and over and above Rs.800/- it is taxable.
CAclubindia
