Perdiem Payment for Overseas Trip of employees
This query is : Resolved
akash gupta
(Querist)
21 August 2009
Please describe taxability of Perdiem payment ( daily allownce for personal expense) received by a person visiting abroad for a short deuartion/long duration.
chetan soni
(Expert)
21 August 2009
The net saving will be considered as income from salary & necessary TDS should be done.
If the same is not considered as income while deducting the tds, then the amount of saving (differrence between money received & acutal expenses done) should be considered as income & necessary tax needs to be paid.
This will be considered as other sources income.
If the same is not considered as income while deducting the tds, then the amount of saving (differrence between money received & acutal expenses done) should be considered as income & necessary tax needs to be paid.
This will be considered as other sources income.
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