Conveyance/Transport Allowance

As per section 10(14) of income tax Act,1961 you can take exemption of transport allowance

1) it is not 800 p.a. but 800 p.m i.e 9600 p.a., it is necessary to show while computation of taxable salary, when you file return for the same you will find a special place to fill, allowance which is exempt under section 10 of I .T. Act,1961.

yeh iam agree with babit khurana you can take exemption Rs800 pm

I.e i Can Claim the Exemption under Any circumstance, right?

Even if My salary Sheet shows a Consolidated Gross Pay...........

Pls Confirm

you can only take the exemption if company give u transport allowance and it is shown in the salary sheet.

Dear Alex..........

You can claim exemption - Tansport allowance of Rs.800 p.m. only when Transport allowance is paid by the company/employer........

Originally posted by : Babit Khurana
	As per section 10(14) of income tax Act,1961 you can take exemption of transport allowance 1) it is not 800 p.a. but 800 p.m i.e 9600 p.a., it is necessary to show while computation of taxable salary, when you file return for the same you will find a special place to fill, allowance which is exempt under section 10 of I .T. Act,1961.

 Agree

It should be provided in your salary as a component then only exemption is possible  and it is not automatic

you can claim the Transport allowance 800/- per month, if your salary structure reflect the same allowance, other wise you can't.

Only if it has been shown in the salary sheet.....