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Section 10(14)

Tax queries 561 views 3 replies

If I receive 13 months salary during a particular assessment year and I pay Income tax on receipt basis can I claim conveyance allowance of 800x13?

 

Replies (3)

Hello Saanthi,

Yes you can claim conveyance allowance in that case for 13 months.

 

Many MNCs pay 13 months salary to their employees. One month's salary is paid extra as incentive. In that case in my view, you cannot claim 800*13 as conveyance allowance deduction.

Well Madhavi ji, I think you are talking about bonus, that some MNC's give one mth extra salary to their employees. In that case I also agree with your opinions. But here what I came to understood is that company is giving salary in advance, so in that case all allowances will also undertake place.

In that case in my views, a person can claim 800*13 as conveyance allowance deduction.

Thanking You


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