Taxable allowances
This query is : Resolved
18 April 2017
I am working in a manufacturing private limited co.
our company has 2 salesmen
we proved conveyance charges to salesmen to visit shops, dealer, retailers to supply our products
my question is
conveyance charges is exempted or taxable
amount of conveyance charges is 9500 to 10000 per month
kindly help me
our company has 2 salesmen
we proved conveyance charges to salesmen to visit shops, dealer, retailers to supply our products
my question is
conveyance charges is exempted or taxable
amount of conveyance charges is 9500 to 10000 per month
kindly help me
18 April 2017
Conveyance charges are taxable if paid as part of salary. Transport allowance is exempt up to Rs.1600 p.m. However conveyance expenses reimbursed are not taxable provided these have been incurred wholly and exclusively for the purpose of business and fully supported with the bills. There is no maximum or minimum limit for these charges.
18 April 2017
Thanks u so much sir for ur valuable advice
sir i m still in doubt that
our salesmen incurred these exp wholly for the purpose of business only. but they dont have any proof because they have to use auto, rikshaw , private buses, so they dont get any bills for the same.
kindly guide me
sir i m still in doubt that
our salesmen incurred these exp wholly for the purpose of business only. but they dont have any proof because they have to use auto, rikshaw , private buses, so they dont get any bills for the same.
kindly guide me
18 April 2017
They can prepare one excel sheet wherein they can mention the places visited by them and against each place the mode and amount of conveyance can be stated.
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18 April 2017
sir they prepared that sheet on monthly basis where they show
date, day, from, to, amount, mode of traveling & total.
so i they prepare that sheet as suggested by you then
can we pay these conveyance charges by cheque?
after preparing this sheet on monthly basis whether this is taxable or exempted ?
kindly help sir
date, day, from, to, amount, mode of traveling & total.
so i they prepare that sheet as suggested by you then
can we pay these conveyance charges by cheque?
after preparing this sheet on monthly basis whether this is taxable or exempted ?
kindly help sir
18 April 2017
yes, it can be paid by cheque and will not be taxable in that case
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27 April 2017
OK SIR THANK YOU SO MUCH SIR,
SIR AS I AM MAKING PAYMENT BY CHEQUE , WHICH ACCOUNT I SHOULD DEBIT ( SALARY & WAGES ACCOUNT OR CONVEYANCE ACCOUNT )
SIR AS I AM MAKING PAYMENT BY CHEQUE , WHICH ACCOUNT I SHOULD DEBIT ( SALARY & WAGES ACCOUNT OR CONVEYANCE ACCOUNT )
27 April 2017
OK SIR THANK YOU SO MUCH SIR,
SIR AS I AM MAKING PAYMENT BY CHEQUE , WHICH ACCOUNT I SHOULD DEBIT ( SALARY & WAGES ACCOUNT OR CONVEYANCE ACCOUNT )
SIR AS I AM MAKING PAYMENT BY CHEQUE , WHICH ACCOUNT I SHOULD DEBIT ( SALARY & WAGES ACCOUNT OR CONVEYANCE ACCOUNT )
28 April 2017
Conveyance account should be debited and the payment can be made by cheque.
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28 April 2017
thank u sooo much sir
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