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
Bindu Madhav
(Expert)
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
CA Nitin Wadhwani
(Expert)
02 July 2009
It is exempt to the extent expended u/s 10(14)(ii).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Reward for festival
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- ARCA LOGIN
- Capital gain on commercial property and investment in residential property
- RCM and same line
- TDS Return Statement Status
- Rectification under processing even after 6 months cpc portal
- Rent agreement of House of deceased person
- Appointment of Auditor By Form ADT-1
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
