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Conveyance allowance vs Transport allowance

Direct Taxation

Conveyance allowance (If it's From office to residence) can be called as Transport allowance ? Because in the Salaries - Illustrations - Module 13 - Example 14, 15 and 16 ; often the words Conveyance and Transport allowance are used alternatively. Can it be done ? As we know, Conveyance allowance is exempt u/s 10(14) , but it's shown as taxable allowance in Example 15 in the lectures. Kindly clarify.


Avasarala Vivek Aditya

Avasarala Vivek Aditya

CA Inter

6K+

28-Aug-22 08:05

157

Answers (1)

Conveyance allowance is not exempt. Only if the question mentions that it is incurred for official purpose.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

28-Aug-22 08:08

All the Best