Introduction to Travelling Allowance (TA)
Transport allowance means allowance that has been granted for the purpose of transport. Under Section 10(14) of Income-tax Act,1961 read with rule 2BB of Income-tax regulations, TA can be can be: - Allowance to help employees commute between his place of residence and office/location of duty. - Allowance given for personal expenditure during a task performed for the company.