Education facility to children of employee
This query is : Resolved
ramachandra rao. M.V
(Querist)
13 December 2008
In case of education faciilities provided by the employer to employee in the institute owened and hired by the Employer, is it taxable in the hands of specified employees?
CA Tilak Raj Sharma
(Expert)
13 December 2008
If the cost of education is less than 1000 p.m. then it is not taxable.
But if the cost is more than 1000 p.m. then amount in excess of 1000 p.m. will be taxable.
But if the cost is more than 1000 p.m. then amount in excess of 1000 p.m. will be taxable.
ramachandra rao. M.V
(Querist)
13 December 2008
thanks
But my query is is it taxable in the hands of specified employees only ( in case it is owned and hired by employer). correct?
But my query is is it taxable in the hands of specified employees only ( in case it is owned and hired by employer). correct?
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