Dear everyone,
Please advise me the exact rules in regard to Leave Travel Allowance facility given to employees. What is the quantum that can be given every year ?? Income Tax exemption available to the employees.
I need this urgently, for formulating employee salaries for 2011-12
Ms Tanya
From India, Pune
Please advise me the exact rules in regard to Leave Travel Allowance facility given to employees. What is the quantum that can be given every year ?? Income Tax exemption available to the employees.
I need this urgently, for formulating employee salaries for 2011-12
Ms Tanya
From India, Pune
Travel allowance are not treated as wages and are not subject to income hence it should be taxable. Its an advance money given for a task to be completed for a company.
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LEAVE RULES.doc