can any body explain whether site alowance given by the employer to the employee is taxable ?..it's urgent please!
thanks and regards.
CA Siva Kishore (M.COM, F.C.A.) (716 Points)
02 July 2008can any body explain whether site alowance given by the employer to the employee is taxable ?..it's urgent please!
thanks and regards.
Anil
(Chartered Accountant)
(80 Points)
Replied 05 July 2008
no it is not taxable to employee
(employer) company will liable to pay Fringe benefit tax on site allowance
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