Conveyance allowance for ay 2018 - 2019

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Dear Sir,

                Conveyance Allowance for ay 2018 - 2019. sections 10(14)(i) and 10(14)(ii)

                If the Company has specified conveyance allowance in PAY SLIP and pays Rs 7000/- PER MONTH and in

                Form 16, u/s 10, shows Conveyance Allow.Rs 19200 /-(Rs1600 /- per month ), Under which sub section,he has to show the Exempted 

                Income,in IT RETURN either 10(14)(i)  or  10(14)(ii)..

                PLEASE REPLY.

Replies (2)

Exemption upto Rs.19,200 can be claimed u/s. 10(14)(ii)

Remaining amount is taxable under column 'Allowance Taxable'...

 Thank You very much for your reply to my Conveyance allowance query


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