are-travel-expense-tax-deductible

Are Travel Expenses Tax Deductible Or Not?

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…

how-to-calculate-travel-allowance

How To Calculate Travel Allowance For Tax Exemption

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…

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Corporate Travel Requirements