Exemption on conveyance allowance
This query is : Resolved
25 July 2023
Can i claim deduction of conveyance allowance while filing personal IT. Is it available on both new and old regime
25 July 2023
Are you filing for salary income or u/h. PGBP?
25 July 2023
Return is filed under salary income
25 July 2023
Have you followed form 16 while filing the return?
As per latest amendment the conveyance allowance has been submerged into standard deduction. So, it is not allowed separately (unless for physically disabled employee).
Secondly, standard deduction is available only under old tax regime (for AY 2023-24).
As per latest amendment the conveyance allowance has been submerged into standard deduction. So, it is not allowed separately (unless for physically disabled employee).
Secondly, standard deduction is available only under old tax regime (for AY 2023-24).
25 July 2023
In my salary slip there is conveyance allowance, then can i claim it
25 July 2023
But check properly. it would have been added to your aggregate salary.
13 September 2024
Good luck.
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