23 March 2009
My query in Allowing Conveyance Allowance to employee by employer at the tome of finalise Form 12 B of Employee.
I am looking after accounts of my client and his employee submit Conveyance allowance by giving simple voucher for travell to one place to another place for office work, and he ask to my cleint to adjust said amount against his total salary as he do not want to deduct TDS on said amount.
So up to what extend it is allowable? as per IT rules Rs.800/- per month allowable but in addition of that is any amount allow under conveyance allowance OR any other way to save Tax by employee from his salary?
CAclubindia
