12 June 2013
Can a employee claim conveyance allowance of Rs.9600 p.a. exempt if it is mentioned in salary certificate? Pls. explain how to get benefit of Conveyance allowance of Rs. 9600/- from tax exemption.
12 June 2013
Conveyance allowance is exempt under section 10(14)/ Rule 2BB upto Rs. 800/- p.m. If the employer has not considerd this while computing TDS, you may file return in form ITR-1 /ITR -2 claiming the exemption to take benefit of conveyance allowance.