Itr 1 u/s 10 14 (i) plz help fy 17-18
Jayaram (Senior Finance Officer) (398 Points)
25 August 2018
I have deduction of conveyance allowance Rs 30,000 u/s 10 14 (i). as a exemption
5 Replies
Sanket
(!..Live to Give..!)
(16427 Points)
Replied 25 August 2018
Conveyance Allowance (also known as Transport Allowance) is provided by employer to employee for meeting employee transportation cost from residence to workplace. It is exempt upto Rs.19,200 per annum (Rs.1600/month) under Sec 10 of the Income Tax Act.
Please do remember that you can not claim the same at the time of filing your return of income if your employer has not provided you the same.
Jayaram
(Senior Finance Officer)
(398 Points)
Replied 25 August 2018
How can i show the amount in which section? plz
Poonam Lohiya
(158 Points)
Replied 25 August 2018
If it is showed by employer in form16 as conveyance allowance. you can show in ITR 1 in other allowance column upto 19200(1600*12)
SHIRISH S S
(Proprietor)
(1030 Points)
Replied 25 August 2018
In ITR-1 s.no 27 (d) click on drop down and select 10(14)(ii) [transportation allowance]. Write the amount 19200 in green cell.
If it is other than transport allowance than tell what allowance is it.
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