Salay Breakup Detail

Dear Mr.pon,
if the co is giving conveyance rs.800/month whether the employee is eligible to get travel allowance and if so is there any limit and whether he has to produce bill if it is cash payment(voucher payment)?.
regds,
manojj

Dear Manoj,
Conveyance is give as Rs 800 pm in most companies because of tax benefit.
There is no specific limit on conveyance allowance but as far as exemption from Income Tax the limit is 9600 yearly or 800 p.m
Regards
SF

when there is conv. allowance, other travel allowance can not be made thru payslips. It can be reimbursement type. If you include any travel allowance other than conv. allowance of Rs.800/- pm, then it becomes taxable.
Pon

Tks sir,
tks for your views.
You mean to say it is cash(voucher) payment upon producing petrol bills ofcourse not included in payslips and also there is no limit.but is there is any liability on company for making such payment ie tax payment to govt for this and so on.
tks&bregds,
manoj-hre