My employer bears the cost of my travel and any expenses incurred during the trip [for business trips]
And he also gives me an allowance for taking personal trips in a year.
What of this will I have to pay tax on?
Menu
Travel expense given by employer
Replies (5)
Travel expense by employer.
The tax exemption limit for transport allowance was Rs. 1,600 per month (Rs. 19,200 annually) based on previous regulations. If the received amount is above this exemption limit, the excess amount is taxable.
The present scenario is different.
For the payment of business trip, it's not your income...
For Your personal trip allowance exemption limit is 1600*12. Of it's exceeds then it's taxable in Your hand.
For Your personal trip allowance exemption limit is 1600*12. Of it's exceeds then it's taxable in Your hand.
And this must be shown in form 16 to claim...
Recent Threads
- Difficulty in uploading itr3
- Gift received from Sister
- "off market credit transactions" mention
- Section 5A - Portuguese Civil code applicability
- Tax Audit Applicable or not?
- Understanding Why the CA Foundation Pass Percentag
- ITR3 - Switch from Old to New Regime
- Best Online Coaching for CA Intermediate Complete
- FCRA 6A Address Change request
- Can you share how you practically used the list fo
Related Threads
CAclubindia
