Dear Mr. Pon,
If the company is providing a conveyance allowance of Rs. 800 per month, is the employee eligible to receive a travel allowance as well? If so, what are the limits, and does the employee need to provide receipts if the payment is made in cash (voucher payment)?
Regards,
Manoj
From India, Coimbatore
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If the company is providing a conveyance allowance of Rs. 800 per month, is the employee eligible to receive a travel allowance as well? If so, what are the limits, and does the employee need to provide receipts if the payment is made in cash (voucher payment)?
Regards,
Manoj
From India, Coimbatore
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Dear Manoj,
Conveyance is given as Rs 800 per month in most companies because of the tax benefit. There is no specific limit on conveyance allowance, but as far as exemption from Income Tax, the limit is Rs 9,600 yearly or Rs 800 per month.
Regards,
SF
From India, Mumbai
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Conveyance is given as Rs 800 per month in most companies because of the tax benefit. There is no specific limit on conveyance allowance, but as far as exemption from Income Tax, the limit is Rs 9,600 yearly or Rs 800 per month.
Regards,
SF
From India, Mumbai
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When there is a conveyance allowance, other travel allowances cannot be processed through payslips. It must be of the reimbursement type. If you include any travel allowance other than the conveyance allowance of Rs. 800/- per month, then it becomes taxable.
Pon
From India, Lucknow
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660Pon
From India, Lucknow
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Hi Manoj,
Thank you for your message. It appears you are inquiring about the process for cash (voucher) payment upon submitting petrol bills, which are not included in payslips and have no limit. You are wondering if there is any liability on the company for such payments, such as tax payments to the government.
Regarding tax liabilities for these payments, it would be best to consult with the company's finance or tax department for specific guidance on how these payments may be treated for tax purposes.
Thank you for reaching out.
Best regards,
[Your Name]
From India, Coimbatore
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Thank you for your message. It appears you are inquiring about the process for cash (voucher) payment upon submitting petrol bills, which are not included in payslips and have no limit. You are wondering if there is any liability on the company for such payments, such as tax payments to the government.
Regarding tax liabilities for these payments, it would be best to consult with the company's finance or tax department for specific guidance on how these payments may be treated for tax purposes.
Thank you for reaching out.
Best regards,
[Your Name]
From India, Coimbatore
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