Student
1497 Points
Posted on 22 October 2015
@ Nagendran R:
Transport allowance exemption is to be considered only when you get transport allowance from your employer.
Where there is no allowance, exemption on it cannot be availed.
You need to check the break up of your salary slip. If there us no break up, it means no separate allowance given and subsequently no exemption. If you are getting transport allowance, automatically exemption will be available in your form 16.
@ Vishal goel :
Can you elaborate more on your view as to what are you trying to address to. All allowances and it's related exemption are provided in form 16.