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Transportation to and from the office
The daily allowance is intended to cover expenses typically required to function while working independently. This includes food, laundry, and travel to and from the office.
Typically, this allowance is intended for individuals who are new to the city and need support with day-to-day expenses while they are getting settled. It is expected that the individual will have chosen hotel accommodation but not compulsory, and the allowance is meant to help offset those related costs. Expenses such as groceries and weather-specific clothing are not intended to be included.
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Is this allowance included in your ctc?
No, it is a benefit provided by HSBC. Even the airfare, relocation (Goods relocation) are additional benefits and are not included in the CTC