Dear Mr.pon,
if the co is giving conveyance rs.800/month whether the employee is eligible to get travel allowance and if so is there any limit and whether he has to produce bill if it is cash payment(voucher payment)?.
regds,
manojj
From India, Coimbatore
if the co is giving conveyance rs.800/month whether the employee is eligible to get travel allowance and if so is there any limit and whether he has to produce bill if it is cash payment(voucher payment)?.
regds,
manojj
From India, Coimbatore
Dear Manoj,
Conveyance is give as Rs 800 pm in most companies because of tax benefit.
There is no specific limit on conveyance allowance but as far as exemption from Income Tax the limit is 9600 yearly or 800 p.m
Regards
SF
From India, Mumbai
Conveyance is give as Rs 800 pm in most companies because of tax benefit.
There is no specific limit on conveyance allowance but as far as exemption from Income Tax the limit is 9600 yearly or 800 p.m
Regards
SF
From India, Mumbai
604
Tks sir,
tks for your views.
You mean to say it is cash(voucher) payment upon producing petrol bills ofcourse not included in payslips and also there is no limit.but is there is any liability on company for making such payment ie tax payment to govt for this and so on.
tks&bregds,
manoj-hre
From India, Coimbatore
tks for your views.
You mean to say it is cash(voucher) payment upon producing petrol bills ofcourse not included in payslips and also there is no limit.but is there is any liability on company for making such payment ie tax payment to govt for this and so on.
tks&bregds,
manoj-hre
From India, Coimbatore
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Typical salary breakup.jpg
Salary breakup format.xls