Dear All,
I want to know about Income Tax On Salesman Expenses And Travelling allowance.
Example : Name : A
Salary : 15000
Travelling Daily Allowance : 5000
Acctual Expense Done By Him : 2000
Which Amounts are Taxable ?
sudhir
Dear All,
I want to know about Income Tax On Salesman Expenses And Travelling allowance.
Example : Name : A
Salary : 15000
Travelling Daily Allowance : 5000
Acctual Expense Done By Him : 2000
Which Amounts are Taxable ?
sudhir
Travelling allowance is exempt to the extent of Rs.800 p.m. Hence total of 9600 will be exempt from the total allowance received during the year.
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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SSGS and Associates
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CAclubindia
