Traveling to meet business goals is a common scenario in most organizations. Employees may use their vehicles for business assignments. However, many companies provide cars to employees for transportation during business trips. Mileage reimbursement is the practice of reimbursing a specific amount to employees who use their vehicles for a Read more…
Business travel involves multiple variables like modes of transportation, airport transfers, local transportation, hotel bookings with check-in and check-out times, etc. Hence, to effectively manage the travel requirements and stay on schedule, a well-thought itinerary is highly essential. A business trip itinerary with meeting schedule includes a journey plan between Read more…
Corporate hotel booking is among the several job functions of the travel manager. Access to a large spectrum of hotel booking options can sound like a luxury as most companies, irrespective of their sizes, struggle to find the right hotel for business needs like meetings and employee accommodation during business Read more…
Contrary to the predictions of sluggish business travel recovery in the post-COVID period, the current trends are showing encouraging signs. Last year, several reports suggested a long and rough road to travel industry recovery owing to many factors. Things appear to be changing for the better as most of the Read more…
Companies spend highly on travel to carry out numerous business-associated activities. Employees usually travel to develop business, serve customers, and attend conferences, trade fairs, and training seminars. The expenditures must be compiled systematically after completing a business trip for efficient travel expense reporting. It help businesses to claim tax returns Read more…
Carrying proper documents is crucial during any international travel. Thousands of travelers face inconvenient situations at border points for incorrect or inadequate documentation each year. They fail to fulfil the travel requirements by destination as immigration authorities follow stringent rules. Passengers with improper travel documents may have to return from Read more…
Business travel is an essential aspect of most companies, including large organizations, startups, and other businesses. However, corporate travel is a complex activity involving multiple factors and uncertainties. Further, managing business trip for a large number of employees can be a challenging task in the absence of efficient travel management Read more…
There are multiple expenses an employee may incur while traveling away from home on a business trip. Most travel expenses for business purposes are deductible for tax exemption. The Income Tax act allows tax exemptions to employees and employers on trip expenses by assessing the impact of these travels on Read more…
An employee receives several types of allowances over and above their regular salary. Medical allowance, House Rent Allowance, and Leave Travel Allowance (LTA) are a few examples of such allowances. The allowances are part of the employee’s CTC. The employee can claim tax exemption for the income through these allowances. Read more…
Corporate travel contributes significantly to business growth and the company’s operational costs. Therefore, companies explore ways to facilitate a satisfying traveling experience for employees without impacting the costs’ bottom line. Corporate travel managers and TMCs should also ensure employee safety by implementing travel risk management. A corporate travel program aims Read more…
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