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Perquisites [(Section 17(2)]- Income under the head Salaries
Definition of 'Perquisites' as per Section 17(2) Perquisites under Section 17(2) of the Income-tax Act, 1961 gives an inclusive definition ...
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Tag: Perquisites
Perquisites- Rent Free Accommodation or Accommodation provided at Concessional Rate
Accommodation provided to the employee may be— (i) unfurnished (ii) furnished Further, such accommodation may be provided: (a) ...
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Perquisites – Fringe Benefits or Amenities which shall be Taxable Perquisite in the hands of All Employees
(i) Interest Free Or Concessional Loans The value of the benefit resulting from loans made available to the employee or ...
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Perquisites – Valuation of Motor Car / Other Vehicles [Rule 3(2)]
As already discussed, motor car/other vehicles, provided by the employer, is a perquisite only for specified employees because it is ...
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Valuation of Various Perquisites – for Calculating Salary Income
1. Provision by the employer of services of a Sweeper, a Gardener, a Watchman or Personal Attendant The value shall ...
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Treatment of Medical Facilities [Proviso to Section 17(2)]
In the following cases, medical facility is not a perquisite and thus not taxable in the hands of the employees. ...
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Section 10(5)- Treatment of Leave Travel Concession or Assistance (LTC/LTA)
The employee is entitled to exemption under section 10(5) in respect of the value of travel concession or assistance received ...
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