Transport allowance and conveyance allowace

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 December 2013 TWO ARE NOT SAME UNDER INCOME TAX.

BUT WHETHER REBATE OF RS 800/=PER MONTH OR RS 9600/=PER YEAR WILL BE AVAILABLE,

EVEN IF THE EMPLOYER PAYS RS 3000/=PER MONTH OR RS 36000/=PER YEAR FOR HIS OWN VEHICLE OR FOR HIS OWN VEHICLE ONLY DRIVER IS PROVIDED BY THE EMPLOYER.VEHICLE IS USED FOR OFFICIAL PURPOSE AND PERSONAL.

AKDAS

Nikhil Kaushik

Nikhil Kaushik (Expert)
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31 December 2013 i believe this query was answered earlier that two are covered under two different sections.

conveyance allowance exemption for Rs 800 pm is covered under 10(14).

the perquisite computation for vehicle is computed under section 17 read with Rule 3 of the income tax rules 1962.

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