difference between copnveyance allowance, travelling allowan

This query is : Resolved 

Querist : Anonymous (Querist) 13 January 2010

Kindly explain me the difference between conveyance allowance, travelling allowance and transport allowance. Also, what is the impact of FBT on all three above for FY 09-10.

CMA. Dinesh S Adhikari, ACMA (Expert)
13 January 2010

Transport All. provided from HOME to OFFICE. (Exempt upto Rs. 800 pm flat)

Conveyance All. provided from OFFICE to OFFICE. (Exempt upto spent for official purpose.)

Travelling All. provided from OFFICE(City) to ANOTHER PLACE(City) FOR OFFICIAL PURPOSE(eg. from JAIPUR OFFICE to DELHI CLINET OFFICE).(Exempt upto spent for official purpose.)

Dinesh S. Adhikari

Querist : Anonymous (Querist) 13 January 2010

Thanks for the reply. PLease explain the affect of FBT on the three

CA Chitresh Gupta (Expert)
13 January 2010

As the FBT is abolished with effect from 01-04-2009, there will be no impact of FBT on these three components.

The tax treatment for Taxation of Salaries will be applicable.

CMA Ramesh Krishnan (Expert)
13 January 2010

FBT is Scrapped so there is no FBT

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