Thanks for your reply.
But there is a limit of Rs. 9,600 on TRANSPORT ALLOWANCE ?
So is there any differece in Transport Allowance And Conveyence Allowance ?
If conveyence allowance is paid SOLELY FOR performing duties say rs. 12,000 per
year and also Transport allowqance is paid rs. 9600 per year ( for office to residence to & fro transfere) - than will both be exempt.
Originally posted by : Anjan
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Dear Vikash,
Telephone allowance is taxable. so it should be included in the basic salary for the computation of TDS.
If the conveyance allowance is paid to meet the expenditure on conveyance for perfoming duties for an official purpose, it is totally tax exempted. No need to include in basic salary for computation.
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