Mike045
Dear Fellow Members,
With the recent budget announcement, the conveyance allowance in the salary structure has been revised to INR 1600/- per month from the current 800/- per month.
Request all of you to throw some light on it and confirm the date of implementation.
Do we have to revise the structure for all the employees ? or is it only for the new joiners ?
Regards,
Mike

From India, Hyderabad
pon1965
604

w.e.f. 1st Apr 15 or after finance bill passed. The CTC components can be readjusted for availing the conveyance allowance as tax exempted.
From India, Lucknow
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