Medical Allowance

Medical Allowance Medical Allowance is a fixed amount of money paid to the employees by an employer as part of their total salary to meet their medical needs. This allowance is provided to the employee every month whether the employee…

Conveyance Allowance

Conveyance Allowance The income tax computation of a salaried employee is done by their employer for tax deduction purposes. Therefore, it is common for such an employee to not be worried about their salary structure and may have lesser knowledge…