Hi Folks,
We have an employee working abroad to whom we pay $50/day as a daily allowance. Every month, he gets a $1500 salary in addition to the allowance.
I want to know if this daily allowance is taxable according to our Income Tax laws and, if so, under which section of the IT Act.
Regards,
Anuradha
From India, Pune
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22We have an employee working abroad to whom we pay $50/day as a daily allowance. Every month, he gets a $1500 salary in addition to the allowance.
I want to know if this daily allowance is taxable according to our Income Tax laws and, if so, under which section of the IT Act.
Regards,
Anuradha
From India, Pune
Acknowledge(0)Amend(0)
Hi folks,
We have an employee working abroad to whom we pay $50 per day as a daily allowance. Every month, he gets a salary of $1500 in addition to the allowance.
I want to know if this daily allowance is taxable according to our Income Tax laws, and if it is, then under which section of the IT Act.
Regards,
Anuradha
From India, Pune
Acknowledge(0)Amend(0)
We have an employee working abroad to whom we pay $50 per day as a daily allowance. Every month, he gets a salary of $1500 in addition to the allowance.
I want to know if this daily allowance is taxable according to our Income Tax laws, and if it is, then under which section of the IT Act.
Regards,
Anuradha
From India, Pune
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Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf
Income Tax Calculator.xls