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Income tax of employee paid by employer

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 July 2014 dear sirs,

I was wondering if you would solve the my problem. My company has made agreement with employee to pay salary and income tax on salary. Now my query is income tax, which has been paid by employer on behalf of employee,is monetary perquisite or non-monetary perquisite and is it taxable income hands of employee to compute income tax? Is it fall under section 10(10CC)?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
11 July 2014 1. its taxable as monetary perquisite only.
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Rupesh Jain

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Rupesh Jain (Expert)
11 July 2014 it s taxable under monetary perquisite.



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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
11 July 2014 @ rupesh also give supportings for ur ans.

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