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Exemption of conveyance allowance

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 July 2014 Experts,

Conveyance allowance is exempt Rs.800 p.m.

My question is, if an employee resigns in mid of any month and join another compnay,

Example: he resign from A ltd. on 15th june and join B ltd. on 16th june and receives conveyance allowance Rs. 1000 p.m. in both companies, what will be the exemption for june month, Rs. 800 only or Rs.1600 ??


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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
25 July 2014 It will be Rs 800 only. It can not be more than Rs 800 p.m..
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