Sonakshi Mangla (Employee) (310 Points)
29 April 2015Dear Members,
Can any1 explain me the difference b/w conveynace allowance (upto Rs. 1600 exempt) & transport allowance (exempt upto amount actually spent)?
CA Deepak Soni
(Chartered Accountant)
(342 Points)
Replied 29 April 2015
As per Rule 2BB, Transport Allowance to the extent of Rs. 1600 pm shall be exempt & conveyance allowance shall be exempt only on amount actually spent. (You have reversed them)
Transport allowance is granted to an employee to meet his expenditure for the purpose of commuting between the place of his residence and the place of his duty.
Whereas, Conveyance allowance is granted to meet the expenditure incurred in performance of his duties of an office.
Thanx
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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