Employees allowed to claim I-T exemption on conveyance allowance under new tax regime: CBDT

CBDT has now amended Income Tax rules to prescribe certain exemptions which can be availed by the employees. 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.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3885KAi