Taxability of foreign currency saved out of foreign tours

Rajib Saha (Accounts Officer) (238 Points)

28 May 2014  
Sirs, My freind , working in MNC, is frequently sent by his Employer to foreign countries. He is paid Travelling & Daily Allowance as per fixed rate as per Rules of the Company. He generally saves a substantial part of it. My query is whether such savings out of official foreign tour is taxable under Income Tax Act.