RE:Perdiem saved onsite through private company
by kaushi chinnappa on Apr 20, 2007 05:04 PM Permalink
Per Diem is not taxable - as it is earnings outside India- free advice from a CA
RE:Perdiem saved onsite through private company
by Sidharth Mukherjee on Apr 20, 2007 05:14 PM Permalink
it is taxable only if u declare that u saved money from the per diem income. on the other hand, if u declare that all the per diem was on actuals and all spent in the foreign country, then there is no tax. so when my tax consultants ai IBM asked me in 2004-05, i told them that i did not save a penny from the per diem income, hence my liability was zero.
RE:Perdiem saved onsite through private company
by peg pic on Apr 20, 2007 05:38 PM Permalink
Any Per diem allowance saved whether in India or abroad is tax-free. Only the Company has to pay FBT on it that is why so many companies including top IT companies have converted allowances per diem, into Salaries...
RE:RE:Perdiem saved onsite through private company
by keshavan iyyengar on Apr 20, 2007 10:20 PM Permalink
per dime allowance is taxable and ur mistaken
RE:Perdiem saved onsite through private company
by paddies on Apr 25, 2007 06:14 PM Permalink
per diem is declared is taxable, just say u sent it all. use a transfer to a relative be western union/ icici and that would amount to a gift.
