Dear All,
I want to know about Income Tax On Salesman Expenses And Travelling allowance.
Example : Name : A
Salary : 15000
Travelling Daily Allowance : 5000
Acctual Expense Done By Him : 2000
Which Amounts are Taxable ?
sudhir
Dear All,
I want to know about Income Tax On Salesman Expenses And Travelling allowance.
Example : Name : A
Salary : 15000
Travelling Daily Allowance : 5000
Acctual Expense Done By Him : 2000
Which Amounts are Taxable ?
sudhir
Travelling allowance is exempt to the extent of Rs.800 p.m. Hence total of 9600 will be exempt from the total allowance received during the year.
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