Per Diem is a daily allowance provided to employees for expenses like meals and lodging during business travel, set by company policy or government rates.
- What is per diem?
Answer: It is a daily allowance for travel expenses like meals. - How is it determined?
Answer: It is set by company policy or government rates (e.g., GSA rates). - What expenses does it cover?
Answer: It covers meals, lodging, and incidental costs. - Is it taxable?
Answer: It is tax-free if within government limits. - How does HR manage it?
Answer: HR sets policies and processes reimbursements.
