foreign allowance - compensation management - manu melwin joy
TRANSCRIPT
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Foreign Allowance Compensation Management
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Prepared By
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Manu Melwin JoyAssistant Professor
Ilahia School of Management Studies
Kerala, India.Phone – 9744551114
Mail – [email protected]
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Foreign Allowance
• This allowance is paid by the
Government of India to its
citizen employees for being
posted outside the country
and it is not included in total
income. It is completely tax-
free U/S 10 (7).
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Foreign Allowance
• Foreign Service Incentive
Allowances consist of two
tax-free allowances provided
as incentives to foreign
service.
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Foreign Allowance
• The Foreign Service Premium is
provided as an incentive to
foreign service and as such
recognizes that there are
disutilities and disincentives,
some of which may be
financial, resulting from
service outside Country.
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Foreign Allowance• The Post Specific Allowance
is a non-accountable travel allowance designed to assist employees in travelling from post and reflects 80% of return full (Y) economy air fare between the employee's post and the headquarters city.
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