Conveyance allowance: Is a fixed sum paid by employers

Conveyance allowance is a fixed sum paid by employers to employees to cover daily travel expenses between home and workplace . It is a common component of salary structures in India and other countries, aiming to offset the cost of commuting, such as fuel, public transport, or vehicle maintenance. Conveyance allowance is a type of allowance offered to employees in India. Learn the meaning of conveyance allowance , its exemption, and tax rules here. 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.