Amendment of section 115WC

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..... se (c) of sub- section (1) of section 115WB, which exceeds one lakh rupees in respect of each employee;"; (ii) after clause (d), the following clause shall be inserted, namely:- "(e) five per cent. of the expenses referred to in clause (Q) of sub-section (2) of section 115WB."; (b) in sub-section (2),- (i) after clause (a), the following clauses shall be inserted, namely:- '(aa) in the c .....

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..... value of fringe benefits for the purposes referred to in clause (G) of sub-section (2) of section 115WB shall be "five per cent." instead of "twenty per cent." referred to in clause (c) of sub-section (1); (db) in the case of an employer engaged in the business of carriage of passengers or goods by ship, the value of fringe benefits for the purposes referred to in clause (G) of sub-section (2) .....

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