Exemption for Conveyance Allowance for Salaried Personnel

[Asked by Guest]

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.

[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.

AI Summary

Conveyance allowance exemption: claimable if employer reports it as conveyance allowance, otherwise seek refund with petrol bills.
Conveyance allowance is exempt only when paid and reported by the employer as conveyance allowance; if not so treated, the taxpayer may file the income-tax return and claim a refund by producing petrol bills or other proof of travel expenditure to substantiate the exemption.