Is Conveyance Allowance Taxable

Ravindranath A (SWO) (30 Points)

28 September 2024  

A Salaried employee gets Coneyance allowance or Transport Allowance or Fuel reimbursement of Rs. 5,000 per month or Rs. 60,000 per annum. How much of the allowance is Taxable in both the Income Tax Regimes.