Conveyance allowance of lic development officer

30 June 2016

Can we claim deduction of conveyance allowance under head salary of development officer in LIC and how. What documentation we need for proof and verification

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2 Replies

CA. Abhishek K. Pandey (Manager (Advance)) (901 Points)
Replied 01 July 2016

Is it conveyance allowance or reimbursement?
Conveyance allowance in any case is deductible upto Rs. 800/month as an exempt income.

SAVITRI DEVI (5 Points)
Replied 01 July 2016

Sir, u r talking about transport allowances which r received for conveyace between home to office, earlier its 800 per month now its 1600 per month. I m asking about conveyance allowances sec 10(14)(i). Its permissible up to actual expense or received whichever is higher