Transport Allowance Exemption Withdrawn by Govt : Income Tax News [Part 35] : TaxHeal.com

The Central Board of Direct Taxes (CBDT) has omitted provision related to exemption of transport allowance of Rs. 1,600 per month granted to an employee to meet his expenditure for the purpose of commuting between the place of his residence and the place of his duty. Refer Notification http://taxheal.com/transport-allowanc...

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