Payment of travelling allowance
This query is : Resolved
21 December 2012
M/s. x ltd paid Rs.2000 travelling allowance to his employee and treat this amount as travelling conveyance exp is it correct or not. if it is not correct how to treat this exp as payment of salary or otherwise.
Soumitra Basu
(Expert)
22 December 2012
it should be entered as travelling allowance
Message likes :
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Soumitra Basu
(Expert)
22 December 2012
it should be entered as travelling allowance
CA BHARATH KUMAR
(Expert)
24 December 2012
if you included in CTC (2000 travelling Allowence) then you should take it as Travelling Allowences under Administarive salary .
if not covered in CTC . you should treat as Expenses- conveyance
if not covered in CTC . you should treat as Expenses- conveyance
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