Transport allowance exemption

G. Parameshwar Rao (Accounts officer) (66 Points)

17 May 2022  
Hello Experts,

A company has fixed Transport allowance of Rs.2000/- and as per IT exemption employee is getting tax exemption of Rs.900/- and balance is taxable.

My question is that is it mandatory from the department to submit bills for entire amount of Rs.2000/- or can we submit only bills for Rs.900/- and avail exemption and balance taxable. Please clarify the same.

Thanks