Tax planning on Conveyance Allowance

income-tax-Conveyance

Conveyance Allowance

Rs 800/- per month is allowed as Conveyance Allowance ie Rs 9,600/- pa. No Bills are required for this amount.

 

All Employees who are not coming through company provided transport, can avail of this benefit.

Queries on Conveyance Allowance:

 

1. My Company, provides Cabs for employees and I have been using this facility . Can I Claim benefit of Rs 800/- per month as well? Jaishree , Hyderabad
A ) You can not take both the benefit.

2. I am getting petrol reimbursement from the company, will i get benefit of Rs 800 /- p m as well ? Shefali , Gurgaon
A ) No, You can claim any one of these.

25 Responses to Tax planning on Conveyance Allowance

  1. hrbhavsar says:

    i have received as a conveyence allownance monthly rs. 1600 , please say to me i how many deduction in i.tax

  2. laiju cherian says:

    Sir,
    I am getting 600/- per month as physically handicapped persons conveyance allowance. Can i deduct the same while calculating tax
    Laiju

  3. manju says:

    I am getting conveyance allowance of 3000/-per month. Can i avail tax benefit on whole amount if i submit fuel bills.

    • Income Tax Buddy says:

      Manju, Unfortunately Conveyance allowance limit is Rs 800/-. You will only get Income tax benefit of upto Rs 800/-

  4. Pushkal Gupta says:

    I am not getting any conveyance allowance. Can I get income tax benefit on declaration basis that I spend 800 pa on travel ?

    • Income Tax Buddy says:

      Pushkal, Conveyance allowance is now allowed on declaration basis, it has to be added in your salary breakup. Ask your employer to revise the salary break up and include convaneace allowance.

  5. JP says:

    Can i show ,credit card receipt (for petrol bill tat has paid through card) for income tax rebate ,i am getting 6k/month for the same.
    My CA is saying only credit card receipt will not work,petrol bill will work.

  6. nagaraj says:

    my question is whether conveyance allowance and driver allowance(car fuel,maintenance) are same.
    2.Can employee avail both the allowance in the same month or not.please help me with this queries
    3.we are already providing conveyance allowance to employees and asking us to provide driver allowance for tax exemption ,.is this applicable?

  7. SUSHIL KUMAR SHARMA says:

    I am getting conveyance allowance of 11 months @ 3000 p.m. Please suggest me that will I get tax benefit of Rs. 9600 0r 8800.

  8. Akshay Sankhe says:

    This is right or wrong—
    Conveyance exemption: Exemption on conveyance is calculated on the basis of each day. For eg. Exemption of 800 per month is proportioned as per paid days of employee. If an employee has 20 paid days, she would get exemption as (800/30)*20=533 and not 800 even if her earning under conveyance head is 1000.

  9. pradeep says:

    hi …which column is to be filled while claiming the income tax return e filing for transport allowance for 9600/- rupees..as there is no specific column visible for this allowance in itr site while e- filing the tax…pls guide…

  10. Ashok Nikam says:

    Sir can you fwd me a list of allawances in army persons on which tax is exempted

  11. VK Bhatnagar says:

    in order to avail tax rebate on transport allowance can i deduct transport allowance i.e. 9600 from my gross salary or taxable income while filling ITR.

    • Tax Dost says:

      Conveyance allowance should already be deducted in your form 16 to maximum of Rs 9600 /-pa. no need to deduct it again.

  12. Ramji Shrivastava says:

    I am govt. servant. Govt pay 180/m conveyance. How much I can take benefit in income tax return. Rs. 800/month or actual 180/moth

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