How Should We Deduct for Company Transport When Employees Also Get a Conveyance Allowance?

I am working with a reputed chemical manufacturing firm in HR. As part of the monthly salary, we are paying Conveyance Allowance to our employees grade-wise. At the same time, we are also providing them with a common transport facility from their home to the office. Please advise on how much we have to deduct towards the availing of the transport facility. Our plant is at a remote place, far away from the city, and all industries there are providing a transport facility.

Regards,
Kumar Manoj

In some companies, conveyance allowance is given as part of the CTC and is a tax-saving component, even though they provide transport facilities. Check your company policies and appointment letter for conditions.

Regards,
Pon