Dear Muralidharan
As a matter of fact the conveyance allowance Rs.800/- and 40% of Basic wages in the form of HRA is exempted from Income Tax.
The PF Authorities can claim in case the Basic wages fixed less than the minimum Wages fixed by the appropriate government for deducting the PF. If you are deducting the PF for more than the prescribed minimum wages, then the PF authorities cannot question you, regarding the deduction.
As a matter of fact the conveyance allowance Rs.800/- and 40% of Basic wages in the form of HRA is exempted from Income Tax.
The PF Authorities can claim in case the Basic wages fixed less than the minimum Wages fixed by the appropriate government for deducting the PF. If you are deducting the PF for more than the prescribed minimum wages, then the PF authorities cannot question you, regarding the deduction.