Hi,
In Special allowances, what can be included under official and personal allowances?
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Whatever you like.
Than you.
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Various types of official allowances include the following:
Travelling Allowance
Daily Allowance
Conveyance Allowance
Uniform Allowance
Academic/ Research Allowance
Helper Allowance
Various types of personal allowances include the following:
Children Education Allowance
Hostel Allowance
Transport Allowance
Underground Allowance
Tribal Area Allowance
Outstation Allowance
Island Duty Allowance
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Sodexo Meal Coupons, LTA, Car leasing Rental
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Hello, Wanted to check if there is any threshold for DA? Say for eg, employee is travelling to foreign countries for official meetings and event participation. He stays there for about 3-5 days and is awarded a DA of USD 75 per day to meet expenses. Multiple such visits are made by the employee to different countries. All other expenses like, travelling tickets, hotel stay (not meal) is being borne by the company. Now here:
- Do we need invoices of the expenses made by employee out of his daily allowance?
- Is this DA taxable in the hands of the employee if spent on personal expenses like shopping etc which is not official?
- What will be the treatment if say out of USD 75, USD 50 are spent and he saved USD 25?
Thanking in advance!
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It is no different from domestic travel. He has to submit bills as per company policy and the balance should either be returned to the Company or he should pay tax on the balance.
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Hello, can i brief details
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Sure, thanks. Also is there any limit on amount by Income Tax Act/ any other statute for DA, like the maximum amount not taxable in the hands of the employee?
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Hi,
Can we get tax exemption on Sodexo in New Tax Regime. If yes how much.
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Food coupon exemption is not available in new tax regime.
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No exemption for food coupons under New Regime
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In New Tax Regime, Sodexo will not be exempted.
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Hi
New Regime NO exemptions.
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