is conveyance allowance still taxable ... ?
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Conveyance allowance
Replies (4)
In Employee salary calcualtion It will be included in your other income and under IT slab tax will be calcualted
Budget 2018 – Standard Deductions for Salaried Individuals
Budget 2018 Introduce “standard deduction of Rs 40,000."
Standard Deduction of Rs 40,000 replaces Medical Allowance of Rs 15,000 and Transport Allowance of Rs 1600 per month i.e. 19,200 per annum.
Yes... I agreed to above said Replies.
Sir,
Could not able to trace amendment w.r.t.Rule 2BB(2). They may be missed to amend the act.
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