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Foreign Allowance Compensation Management

Foreign allowance - compensation management - Manu Melwin Joy

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Page 1: Foreign allowance   - compensation management - Manu Melwin Joy

Foreign Allowance Compensation Management

Page 2: Foreign allowance   - compensation management - Manu Melwin Joy

Prepared By

Kindly restrict the use of slides for personal purpose. Please seek permission to reproduce the same in public forms and presentations.

Manu Melwin JoyAssistant Professor

Ilahia School of Management Studies

Kerala, India.Phone – 9744551114

Mail – [email protected]

Page 3: Foreign allowance   - compensation management - Manu Melwin Joy

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).

Page 4: Foreign allowance   - compensation management - Manu Melwin Joy

Foreign Allowance

• Foreign Service Incentive

Allowances consist of two

tax-free allowances provided

as incentives to foreign

service.

Page 5: Foreign allowance   - compensation management - Manu Melwin Joy

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.

Page 6: Foreign allowance   - compensation management - Manu Melwin Joy

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.

Page 7: Foreign allowance   - compensation management - Manu Melwin Joy