Hi
As per the income tax, Conveyance allowance exemption is max of Rs. 1600/- PM & thats the reason most of the organisations are following Rs. 1600/-
It is purely to reduce the tax paid by employee
I want to know what is the salary break up of 4.2 Lakh Per Annum Package?
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute