01 April 2009
Dear experts, I pay salary Basic, HRA, Medical allowance, others in payslip. but conveyance paid on voucher payment Rs.4500/- . 1.my doubt is conveyance paid Rs.800/-per month (800*12) is exemption U/S 10 (54000-9600=44400)Rs.44400/- is taxable? or not?
01 April 2009
If conveyance amount is a part of salary then you must show it in to payslip. then it shall be treated as u hv done. Or if it is a reimbursement of expenses, then it is ok to show it on voucher only. No need to add in salary.
CAclubindia
