Revised Conveyance Allowance

Mike045

Dear Fellow Members,
With the recent budget announcement, the conveyance allowance in the salary structure has been revised to INR 1600/- per month from the current 800/- per month.
Request all of you to throw some light on it and confirm the date of implementation.
Do we have to revise the structure for all the employees ? or is it only for the new joiners ?
Regards,
Mike

pon1965

w.e.f. 1st Apr 15 or after finance bill passed. The CTC components can be readjusted for availing the conveyance allowance as tax exempted.

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