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…
Employees have to travel to different locations as part of their job profiles in business organizations. Hence, corporates have to book a large number of flights and hotels frequently. To set ground rules for booking of flights, hotels, etc., an organization has to formulate a sound travel policy. The business Read more…
Business travel is crucial to exploring new opportunities, establishing and nurturing business relationships, and providing service to existing customers. Employees must undertake business trips for organizational expansion and growth. Companies have the duty of care obligations to ensure the safety and well-being of their employees who undertake business tours to Read more…
Corporate travel management can be a nightmare for admins and managers, as one has to look after several factors that may or may not be under one’s control. Flight delays, natural calamities, political disturbances, an outbreak of an epidemic, and local unrest are only a few aspects that can devastate the very purpose of business travel. (more…)
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