25 September 2013
Our Co. is making reimbursement for conveyance metro fare of an amount that is spent by employee as metro fare while coming to office. conveyance reimbursement thus made is a part of salary or not for deduction of TDS by company?
25 September 2013
Incase of conveyance reimbursement for official purpose is exempted
Incase conveyance given for travel between residence and office, it will be covered exemption under Conveyance/transport allowance of Rs.800 per month exemption u/s.10(14)
11 October 2013
And no proof is required to show the amount spend, its standard deduction , every employee can claim it even if he doest not spend money on it.
CAclubindia
