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Govt allows to claim I-T exemption on conveyance allowance under new tax regime

Jun 29, 2020, 09:42AM ISTSource: TOI.in

The government has allowed individuals under new lower tax regime to claim I-T exemption on conveyance allowance received from employers. These include any allowance granted to meet the cost of travel on tour or on transfer, any allowance, whether, granted on tour or for the period of journey in connection with transfer, to meet the ordinary daily charges incurred by an employee on account of absence from his normal place of duty.

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