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Employer's contribution to PF / Superannuation exceeding Rs. 7.5 lacs

This query is : Resolved 

As per budget 2020, Employer's contribution to PF / Superannuation exceeding Rs. 750000/- is taxable perquisites in the hands of employee for A Y 2021-22. Whether such perquisites are treated as monetary perquisite or non monetary perquisite? kindly clarify

It's a monetary perquisite as money is paid.



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