Hi all, can anybody give me information about the minimum convayance allowance per month in salary break-up. Is there any limit? Regards, Harpreet Singh
From India, New Delhi
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From India, New Delhi
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dear there is no limit for minimum or maximum but for income tax point of view max 800 per m onth is exempted from income tax. tks j s malik
From India, Delhi
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174From India, Delhi
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Dear, Very much agreed with malik ji. Do one thing u can give the transport allowance as reimbursement. Keep the conveyance as 800. Regards Vipin
From India, New Delhi
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From India, New Delhi
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Dear All Now the limit of conveyance is increased. Its not INR 800.00, Its INR 1600.00. Please convey this to all & do needful to all.
From India, New Delhi
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From India, New Delhi
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Conveyance allowance is dependent on company policy. Yes, but its income tax benefit limit is Rs. 9,600, which has been increased to Rs. 19,200. This means an increase of Rs. 1,600 per month. There is no limit if the company wants to give more than the income tax limit.
From India, Kolkata
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From India, Kolkata
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SALARY CALCULATOR & INCOME TAX.zip
Income tax declaration & Salary structre 2012-13.xls