Learner
4016 Points
Joined December 2009
Dear Ranjan,
As per Rule 2BB read with Sec 10(14), any expenses incuured on tour or travel or TRANSFER shall be exempt..
Exempt will be lower of the following -
1) Amount received as Reallocation expenses
2) Amount Incurred by the employee
Therefore if employer has reimbursed actual expenses than nothing shall be taxable..
However If Employee has not incurred all the expenses then excess amount shall be taxable