 Rank: Newbie
Joined: 4/28/2012(UTC)
Posts: 8
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Can a company provides Conveyance and Medical allowance less than 800 and 1250 respectively, Example
Conveyance Allowance:600
Medical allowance: 1000
Is there any problem in this?
Thanks...
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 Rank: Administration
Joined: 1/9/2010(UTC) Posts: 449  Location: India Was thanked: 1 time(s) in 1 post(s)
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yes, A company can provide any amount that they wish. Does not matter if it is less than or greater than the tax exempted amount.
If it is LESS than 800 or 1250 (conveyance and medical respectively), then you would get less tax benefit.
If it is GREATER than 800 or 1250 (conveyance and medical respectively), then you CAN ONLY get tax benefit upto 800 or 1250.
Let me know if you need more information.
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Rank: Newbie
Joined: 4/28/2012(UTC)
Posts: 8
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