hi.. how to get tax exemption when the employer not specifically given any conveyance allowance for traveling from home to work place?
From India, Bangalore
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1From India, Bangalore
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Sir, My company not showing any breakup as conveyance allowance in my salary ....for these case how to get tax exemption for conveyance ???...
From India, Bangalore
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From India, Bangalore
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Sir, My company not showing any breakup as conveyance allowance in my salary ....for these case how to get tax exemption for conveyance ???... my salary breakups are (Basic+DA+HRA+CCA)only
From India, Bangalore
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From India, Bangalore
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If you dont have conveyance allownace in your salary breakup to my knowlede you can not get exemption from Income Tax. for you information we can claim Rs. 800/- P.M it means Rs. 9600/- Per Annum.
From India, Hyderabad
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From India, Hyderabad
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Dear Raja,
You can't claim tax exemption on conveyance if the same is not part of your monthly salary. It has to be reflected in your salary slip, and the limit is Rs 800 per month (maximum). This also means that the conveyance amount has to be paid as conveyance allowance through the payroll.
Regards,
Atul
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You can't claim tax exemption on conveyance if the same is not part of your monthly salary. It has to be reflected in your salary slip, and the limit is Rs 800 per month (maximum). This also means that the conveyance amount has to be paid as conveyance allowance through the payroll.
Regards,
Atul
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If you own a two-wheeler, Rs. 60,000/- per annum is exempted from tax towards fuel and maintenance. For a four-wheeler, the limit is Rs. 240,000/- per annum. If you avail tax exemption towards fuel and maintenance, you cannot claim tax exemption for a conveyance allowance of Rs. 800/- per month.
Please let me know if you need further clarification or assistance.
From India, Lucknow
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Please let me know if you need further clarification or assistance.
From India, Lucknow
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how to get fuel and maintenance tax exemption ????what are the proof has to be submitted to the income tax department......
From India, Bangalore
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From India, Bangalore
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I would like to ask under which section can we claim motor vehicle fuel and maintenance expenses? Can a person claim such an exemption when the vehicle is registered in the name of his father, and the registered owner of the vehicle (the father in this case) is not claiming such exemption but is only claiming an exemption of Rs. 800 per month for conveyance?
Thank you in advance.
From India, Haldia
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Thank you in advance.
From India, Haldia
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I have a salary of Rs 300,000 (BP 78,000.00 + HRA 177,000.00 + CONVEYANCE 45,000.00). As far as I know, Rs 9,600/- is exempt from IT for conveyance. Separate LTC is not provided by the private institution. Hence, my question here is whether I can claim LTC exemption for the block of 2/4 years from the conveyance allowance amount. Please clarify.
Regards,
Kanatan
[Phone Number Removed For Privacy Reasons].
From India, Bangalore
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Regards,
Kanatan
[Phone Number Removed For Privacy Reasons].
From India, Bangalore
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If LTC component is not given, you can’t claim tax exemption towards LTC. Pon
From India, Lucknow
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From India, Lucknow
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Sir, in my salary component there is flexi basket for fuel and driver.But I don’t own any personal vehicle how can I get tax exemption for this?
From India, Ghaziabad
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From India, Ghaziabad
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You can’t claim if you don’t have vehicle. Go for conveyance allowance in stead
From India, Lucknow
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From India, Lucknow
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