Perquisites are taxable in the hand of employees to the extent as defined in Sec. 17(2) of the Income Tax Act, 1956. Generally, the taxable value of perquisites in the hands of the employees is its cost to the employer. like if the employer has provided a servent to the employee then the cost of hirRead more
Perquisites are taxable in the hand of employees to the extent as defined in Sec. 17(2) of the Income Tax Act, 1956.
Generally, the taxable value of perquisites in the hands of the employees is its cost to the employer.
like if the employer has provided a servent to the employee then the cost of hiring this servent will be the value of perquisit.
Althoug specific rules have been laid down in Rule 3 of the I.T for valuation of certain perquisites.
Perquisites are taxable in the hand of employees to the extent as defined in Sec. 17(2) of the Income Tax Act, 1956. Generally, the taxable value of perquisites in the hands of the employees is its cost to the employer. like if the employer has provided a servent to the employee then the cost of hirRead more
Perquisites are taxable in the hand of employees to the extent as defined in Sec. 17(2) of the Income Tax Act, 1956.
Generally, the taxable value of perquisites in the hands of the employees is its cost to the employer.
like if the employer has provided a servent to the employee then the cost of hiring this servent will be the value of perquisit.
Althoug specific rules have been laid down in Rule 3 of the I.T for valuation of certain perquisites.
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