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of <h1>Transport Allowance Exemption: New Rule 2BB Offers Up to Rs. 800 Monthly for Indian Employees, Effective August 1997.</h1> The Income-tax (Seventh Amendment) Rules, 1998, effective from August 1, 1997, amend the Income-tax Rules, 1962. The amendment introduces a new provision in rule 2BB, allowing a transport allowance exemption of up to Rs. 800 per month for employees commuting between their residence and workplace across India. This exemption applies to all Central and State Government employees, as well as those in other establishments, to ensure equal tax treatment. The amendment addresses an anomaly where certain high-ranking officials were previously exempt from tax on transport allowances, while others were not. The retrospective amendment does not adversely affect taxpayers.
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