What is per diem for travel days?
What is per diem for travel days? 1. What is per diem? Per diem is an allowance paid to your employees for lodging, meals, and incidental expenses incurred when travelling. This allowance is in lieu of paying their actual travel expenses.
What is the difference between per diem and daily allowance?
The word per diem means per day, or for each day. Per diem is a daily allowance for meal expenses while in travel status that includes an overnight stay. Per diem is not given for same day travel. Per diem supplements the cost of meals and tips. Receipts are not required to receive this per diem allowance.
What is an example of a per diem travel policy?
For example, if an employee travels to a state where per diem is $139 per day, they will receive $130 for each day they stay there on business. For a four-day business trip, that would equal $520 in total.