Dear Hr Friends I have a query about conveyance allowance that Like PF ,ESIC is there any act that governs the conveyance allowance.I am not aware of any such act.Kindly Help. Thanks Bijay
From India, Vadodara
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382From India, Vadodara
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Conveyance allowance is not governed by any Act but exempted from I.Tax as per IT rules - Rs.800/- month. Pon
From India, Lucknow
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From India, Lucknow
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Thanks for the reply. However, I am confused. If it is not governed under any act, then who decides the minimum and maximum amount of conveyance allowance? Also, my other query was on the applicability of ESIC on conveyance allowance. The ambiguity is whether it is mandatory to provide conveyance allowance to employees under the very name of conveyance allowance.
Please help me understand.
Thanks,
Bijay
From India, Vadodara
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Please help me understand.
Thanks,
Bijay
From India, Vadodara
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Tax Exemption (SUPERB).doc
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