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salary allowance

ankit bisht (kusumkhera) (144 Points)

29 June 2016

what is travel allowance or travel allowance ?

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CA Harshal Totla (Chartered Accountant) (2229 Points)
Replied 29 June 2016

An allowance or advancement given by employer for business travel required by the employee for employment purpose of using your motor vehicle. For example for travelling from office to some other site for official purposes.

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ankit bisht (kusumkhera) (144 Points)
Replied 29 June 2016

It is fully exempt or taxable or partly taxable?

CA Harshal Totla (Chartered Accountant) (2229 Points)
Replied 29 June 2016

Conveyance Allowance granted to meet the expenditure on conveyance in performance of duties of an office is exempt to the extent of expenditure incurred for official purposes. However, transport allowance granted to an employee to meet expenditure on commuting between place of residence and place of duty-Up to Rs. 1,600 per month (Rs. 3,200 per month for blind, deaf, dumb and handicapped employees) is exempt.