Conveyance allowance: Is allowance offered by employers to

Conveyance allowance is allowance offered by employers to cover the cost of travelling from home to the workplace. It is offered by companies that do not provide transportation facilities. It falls under the purview of CBDT (Central Board of Direct Taxes). Conveyance Allowance, also known as Transport Allowance, is a monetary benefit provided by employers to employees to cover their daily travel expenses between home and the workplace . It forms part of the overall salary package but is separate from the basic salary. Conveyance payment, referred to as transport allowance, is an allowance that employers give their workers to help with the expense of travelling to and from work . This allowance is provided in addition to their basic salary and they are eligible for tax deductions up to a specific amount. What is Conveyance Allowance? Conveyance allowance is a special allowance to cover their expenses while travelling to perform office or employment duties . They are usually offered on top of their basic pay and are eligible for tax deductions up to the actual allowances received.