Can i claim petrol allowance as an exemption

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Accountant
23 Points Posted on 23 January 2015

Hi friends

Please tell me that can i claim petrol ALLOWANCE as an exemption under SALARY headfrom incometax..Is there any fixed amount of exemption. if yes please give me any reference.

I had already claimed conveyance exemption, i want to claim one more exeption in my salary structue. Can u please help me to provide list of fixed exemption i can claim form the incom tax

 

Thank you

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On 23 January 2015 at 13:15 Report
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Chartered Accountant & CFA Level 1
238 Points Posted on 23 January 2015
Hi santosh , if your company gives you a conveyance allowance then you can claim rs 800 per month as deduction.in your case request your employer to change the nomenclature of petrol allowance to conveyance allowance .
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On 23 January 2015 at 13:33

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