Conveyance Allowance Tax Exemption

mk_rajasekar
hi..
how to get tax exemption when the employer not specifically given any conveyance allowance for traveling from home to work place?
mk_rajasekar
Sir,
My company not showing any breakup as conveyance allowance in my salary ....for these case how to get tax exemption for conveyance ???...
mk_rajasekar
[QUOTE=mk_rajasekar;1164363]Sir,
My company not showing any breakup as conveyance allowance in my salary ....for these case how to get tax exemption for conveyance ???... my salary breakups are (Basic+DA+HRA+CCA)only
TELIKEPALLI
If you dont have conveyance allownace in your salary breakup to my knowlede you can not get exemption from Income Tax. for you information we can claim Rs. 800/- P.M it means Rs. 9600/- Per Annum.
atoolsingh
Dear Raja
You cant claim tax exemption on conveyance incae the same is not part of your monthly salary . It has to be reflected in your salary slip and the limit is Rs 800 pm (Max) . This also means that the Conveyance amount has to be paid as Coveyance allowance through pay roll .
Rgds
Atul
pon1965
If you own two wheeler - Rs.60,000/- p.a. is exempted from tax towards fuel and maintenance. for four wheeler, the limit is 240,000/- p.a. If you avail tax exemption towards fuel & maintenance, you can not claim tax exemption of conveyance allowance Rs.800/- p.m.
mk_rajasekar
how to get fuel and maintenance tax exemption ????what are the proof has to be submitted to the income tax department......
aditya.ladha
I would like to ask that under which section can we claim the motor vehicle fuel and maintainance expenses?
Also can a person claim such exemption when the vehicle is registered in the name of his father when the registered owner of the vehicle (the father in this case) is not claiming such exemption but is only claiming exemption of rs.800pm as conveyance.
Thank you in advance.
aditya.ladha
Thank you sir for the link.
I have another query too regarding salary structure which is in a thread started by me. Can you please help me on that too
Thanks again.
kanatan
SIR,
I hav salary of Rs 300000.(BP 78000.00+HRA 177000.00+CONVEYANCE 45000.00) In this as far as I know 9600/- is exempt from IT of conveyance.Separate LTC is not provided by the private institution.Hence my question here is WHETHER I can claim LTC exemption for the block of 2/4 years from the conveyance allowance amount.Please clarify.
kanatan
9535208418.
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