Inquiry Regarding Taxable Allowances and Proof Submission Requirements

Hi all,

Are meal allowance, travel allowance, telephone & internet allowance, and conveyance allowance fully taxable? As an employer, is it mandatory for us to collect all the necessary proofs from employees for submission? Please advise.

Thank you.
20th March 2024 From India, Hyderabad

Add Reply → Start New →

Madhu.T.K

4250

These allowances are taxable but if these are paid as reimbursements then they will not be part of salary for tax purpose. You have to either collect actual bills or get declarations from the employees that the amounts have been spent.
20th March 2024 From India, Kannur

sumanth-k1

Thank You Madhu for your valuable information.
25th March 2024 From India, Hyderabad

Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.

Other Discussions That May Be Relevant

Employer contribution to pf - taxable to employee or not

Epf calculation - need to calculate on basic + all allowances - hra or only on basic 12%?

All allowances included in pf contribution yes or no if yes please share notifications

Related Files & Downloads Shared By Members

 Initial telephonic inquiry.doc

 1 Guidlines On PF to be charged on all other allowances 05032019.pdf

 Taxable Income.doc

Interest Tags

Trending Tags

Trending

Inquiry Regarding Taxable Allowances and Proof Submission Requirements

Login Or Register