Exemption for Conveyance Allowance for Salaried Personnel, Income Tax

[Lancy Menezes]

I joined an organization on 01 June 2014. Now, for F.Y 2014-2015, the conveyance allowance in the amount of ₹ 9,600/- annually is tax exempted. Is this applicable to me too OR I can claim tax exemption for conveyance allowance in the amount of ₹ 8,000/- i.e. 10 months of employment June 2014 to March 2015. Please advise.

Posts / Replies

[MUKUND THAKKAR]

you can claim exemption if your current organization paying you under the head of conveyance allowance. in other option file return and take refund producing the petrol bills. as per my view.