29 April 2011
exemption of 800 p.m. or 9600 p.a. is in respect of transport allowance which is given to an employee to meet his expenditure for the purpose of commuting between the place of his residence and the place of duty.
& traveling allowance is any allowance for meeting the cost of travel on tour or on transfer, which is exempt subject to actual exp incurred.
CAclubindia
