Relocation Allowance Rules & Exemption Guide
Employees working for a company from one location have now multiple opportunities to work, grow and learn in different locations within the country by working for the same organization without having to switch jobs. Due to business restructuring many times employees are relocated or transferred from one city to another city. Sometimes the employee is transferred due to a project or an assignment. They have an option of moving with the family, and other times an entire department/ office is shifted out from one city to another city for business reasons.
These expenses are reimbursed by the company or at times paid directly by the employer on your behalf. We will help you understand the taxability of these allowances/ reimbursements paid by the company to employees who are transferred from one city to another:
Packing, Car Transportation, Brokerage Bills, Family member travel tickets, temporary accomodation.
All bills that goesnt required GST will cost 9% and bills that doesnt required GST will cost 3%