Please clarify whether tax exemption on Expenditure for Car/Two wheeler maintenance, uniform maintenance, HRD, conveyance allowance, LTC are admissible in New Tax Regime.
Ans: If person opt for new tax regime, allowance like Conveyance Allowance granted to meet the expenditure on conveyance in performance of duties of an office; any Allowance granted to meet the cost of travel on tour or on transfer; Daily Allowance to meet the ordinary daily charges incurred by an employee on account of absence from his normal place of duty etc