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Discussion > Income Tax > Tax queries >

Income tax on salesman expenses and travelling allowance

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Manager Accounts

[ Scorecard : 31]
Posted On 01 May 2012 at 20:18 Report Abuse

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 



Giridhar S Karandikar
Team Lead

[ Scorecard : 2745]
Posted On 01 May 2012 at 21:40

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.



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