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Conyence allowance

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(Querist)
29 April 2010 I am working with a transport company, i come across that the conveyence deduction for employees of transport company is 6000 or 70% of the allowance instead of 800 p.m
Kindly tell me the provision if there any such provision exist?
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
29 April 2010 YES, FOR employees of transport company the conveyance allowance is exempt 70% of allowance or 6000/- WEL
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
02 May 2010 Conveyance allowance will be covered u/s.10(14) and transport allowace is 70% or Rs.6000 W.E.L
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