Tax exemption on Daily Travel Allowance
This query is : Resolved
20 December 2008
Dear Sir
As in my co. we are paying flat amt of Daily travel allwoance to the emplyees say Rs.150/- per day depend upon their business visit for e.g.if they attend 2 visit in the month then we are payable Rs.300/- at the end of the month with their salary as this is seperate allowance. So have this amount would be taxable or not or how much I get exemption limit per month
Kindly revert me back for this query
As in my co. we are paying flat amt of Daily travel allwoance to the emplyees say Rs.150/- per day depend upon their business visit for e.g.if they attend 2 visit in the month then we are payable Rs.300/- at the end of the month with their salary as this is seperate allowance. So have this amount would be taxable or not or how much I get exemption limit per month
Kindly revert me back for this query
20 December 2008
Any types of flat allowances will be subjected to tax. Only reimbursement of actual exp will not be taxed. In ur case the payment is flat irrespective of the actual exp and hence it should be taxed
02 July 2009
It is exempt to the extent expended u/s 10(14)(ii).
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