IF the co is bearing all the travelling expenses of employee then what type of benfit the employee can get in his return??
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Reimbursement of travelling exp
Replies (5)
Conveyance upto 800/- pm is exempt.
agree with above
Same ans.
No as such benefits available.
travelling allowance 800/pm agreed.
I guess allowance and reimbursements are different..
If u r being reimbursed by employer for travelling expenses it is allowable to employer as deduction and is a non taxable perquisite in hands of employee..
Hence it is used as a component in salary structure as a measure of tax planning..
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