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    Exemption not available for conveyance/Transportation

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    choubey.vijay

    Posts : 14

    Exemption not available for conveyance/Transportation

    Post by choubey.vijay on Mon Aug 29, 2011 4:53 pm

    Sir
    If I am correct,we can avail exemption up to Rs.800/pm or up to Rs.9600/ year on account of conveyance expanse/transportation.But in payslip the same exemption is not available.Kindly clarify.......


    Admin
    Admin

    Posts : 179

    Re: Exemption not available for conveyance/Transportation

    Post by Admin on Tue Aug 30, 2011 12:32 am

    As per Income Tax Act this benefit is available only to those who avail transport subsidy. It is not applicable for conveyance reimbursement. The adjustment is to be done at the time of working out Income Tax liability.

      Current date/time is Thu Aug 17, 2017 4:46 pm