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?
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?
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.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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