Towards conveyance getting 40 ltrs.petrol cost -can again..

bujjulu (e-TDS + IT return filer Hyderabad)   (729 Points)

27 July 2013  

An employee who is getting Conveyance allowance equal to 40 ltrs of petrol wants to claim exemption of conveyance allowance @ 800/- per month .

Is it correct..