Conveyance allowance -is it tax free
This query is : Resolved
24 September 2012
Dear sir,
please tell me, is Conveyance allowance tax free.
please tell me, is Conveyance allowance tax free.
24 September 2012
Please understand that no allowance is tax free - you may get deductions if specifically provided under different provisions, e.g. Sec. 10(13A) provides deductions against HRA if conditions are fulfilled. As regards conveyance allowance you may claim a deduction of Rs. 800 per month u/s 10(14).
25 September 2012
Conveyance allowance upto 800/- per month is exempt .
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