06/02/2019
TAX ON PERQUISITE PAID BY THE EMPLOYER [SEC 40(a)(v)] :-
The provisions of section 40(a)(v) are given below:-
1. The employer provides non-monetary perquisites to employees.
2. Tax on non - monetary perquisites is paid by the employer.
3.The tax so paid by the employer is not taxable in the hands of employees by virtue of section 10(10CC).
4.While calculating income of the employer , the tax paid by the employer on non-monetary perquisites is not deductible under section 40(a)(v).
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