BubblyDumpling
BubblyDumpling
19mo

Trending @Cognizant; Travel Allowance

What's the use of travel allowance? Is it for tax saving?

19mo ago
GigglyBurrito
GigglyBurrito

Yes. Conveyance exemption is capped at 19200 per FY.

You can submit travel bills for ITR filing and the actual amount or 19200, whichever is lower, will be returned.

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