Perquisite Tax

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..... Perquisite Tax
Query (Issue) Started By: - S.C. WADHWA Dated:- 19-6-2013 Last Reply Date:- 22-6-2013 Income Tax
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Income Tax
Dear Expert, One of our director getting salary  .....

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..... 377;50000/- Per month from a unit in delhi which provided him unfurnished rent free accommodation and also getting salary from other unit ₹500000/- per month. Perquisite tax on rent free accommo .....

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..... dation along with electricity bill of ₹600000/- per year will be paid by Ist unit. Now my query is whether perquisite tax paid on electricity bills being monetary payments is exempt in the hand .....

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..... of employee or not. Please quote some circular or case law in this issue. Regards, WADHWA Reply By mayank srivastava: The Reply: Dear Mr. Wadhwa, Tax Paid only on RFA can be exempted, as it cons .....

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..... idered as a non monetary perks. Regards, Mayank
Discussion Forum - Knowledge Sharing .....

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