Exemption of conveyance allowance
This query is : Resolved
Querist : Anonymous
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 ??
Thanks
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 ??
Thanks
25 July 2014
It will be Rs 800 only. It can not be more than Rs 800 p.m..
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