What does Per Diem mean ?

By Prashant Thakur

On March 6, 2020

At 11:47 am

1041 Views

2.56K viewsMarch 6, 2020business expenses

Prashant Thakur 464 March 6, 2020 0 Comments

Prashant Thakur Changed status to publish March 6, 2020

1 Answer

Active
Voted
Newest
Oldest

Prashant Thakur 464 Posted March 6, 2020 0 Comments

The term “per diem” is a Latin word that means “per day” . So for the taxation purpose , a per diem allowance given at prescribed IRS per diem rate means amount of reimbursement for some basic travel-related expenses daily basis allowed as per IRS rules.

Prashant Thakur Changed status to publish March 6, 2020