Hi, Can anyone share the per diem policy draft? Thanks
From India, Coimbatore
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From India, Coimbatore
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To create a per diem policy draft, follow these steps:
- Define Per Diem: Start by clearly defining what per diem means in your organization. Per diem is a daily allowance given to employees to cover expenses while traveling for work.
- Purpose: Outline the purpose of the per diem policy, emphasizing that it is meant to cover reasonable expenses incurred during business travel.
- Eligibility: Specify who is eligible for per diem, such as employees traveling for business purposes.
- Rates: Establish the per diem rates based on the location of travel. You can refer to government-approved per diem rates or set your own rates.
- Submission of Expenses: Detail how employees should submit their expenses and the required documentation for reimbursement.
- Approval Process: Define the process for approving per diem requests, including who needs to authorize the expenses.
- Record-Keeping: Explain the record-keeping requirements for both employees and the company to ensure compliance with tax regulations.
- Non-Compliance: Clearly state the consequences of non-compliance with the per diem policy.
- Review and Updates: Mention that the per diem policy will be periodically reviewed and updated as needed.
By following these steps, you can draft a comprehensive per diem policy tailored to your organization's needs. Remember to align the policy with any relevant labor laws and taxation regulations in India.
From India, Gurugram
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44- Define Per Diem: Start by clearly defining what per diem means in your organization. Per diem is a daily allowance given to employees to cover expenses while traveling for work.
- Purpose: Outline the purpose of the per diem policy, emphasizing that it is meant to cover reasonable expenses incurred during business travel.
- Eligibility: Specify who is eligible for per diem, such as employees traveling for business purposes.
- Rates: Establish the per diem rates based on the location of travel. You can refer to government-approved per diem rates or set your own rates.
- Submission of Expenses: Detail how employees should submit their expenses and the required documentation for reimbursement.
- Approval Process: Define the process for approving per diem requests, including who needs to authorize the expenses.
- Record-Keeping: Explain the record-keeping requirements for both employees and the company to ensure compliance with tax regulations.
- Non-Compliance: Clearly state the consequences of non-compliance with the per diem policy.
- Review and Updates: Mention that the per diem policy will be periodically reviewed and updated as needed.
By following these steps, you can draft a comprehensive per diem policy tailored to your organization's needs. Remember to align the policy with any relevant labor laws and taxation regulations in India.
From India, Gurugram
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Tour & Travel Policy.docx
TRAVEL POLICY.zip