TDS on Travel Allowance - Overseas
This query is : Resolved
Arun Kumar M
(Querist)
21 August 2024
Dear All
Please note we are providing travel allowance per day - for foreign travel based on grade of employees, in USD. Based on categories of employees, amount of USD varies from 5- to 100 USD per day. This payment is done to their bank account, and this is done as per HR policy. We account this expense as Travel Expenses. Can you please suggest whether we have to deduct TDS for the same?
Please note we are providing travel allowance per day - for foreign travel based on grade of employees, in USD. Based on categories of employees, amount of USD varies from 5- to 100 USD per day. This payment is done to their bank account, and this is done as per HR policy. We account this expense as Travel Expenses. Can you please suggest whether we have to deduct TDS for the same?
Dhirajlal Rambhia
(Expert)
22 August 2024
TDS over allowance given to your own employee, should be deducted under salary head.
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