employers education facility - value of perquisites

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Querist : Anonymous

Querist : Anonymous (Querist)

28 April 2010 in case if amount exceeds rs.1000 per month then what is taxable amount in the hands of employee.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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28 April 2010 yes. It is taxable in the hands of employee

Querist : Anonymous

Querist : Anonymous (Querist)

29 April 2010 In case if employer is providing education to employees children in his own institute costing rs.1500 per month , then what will be taxable amount in the hands of employee as perquisite.. plz reply as soon as possible ..

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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29 April 2010 employer providing own institute to the children of the employee cost up to Rs.1000 p.m.- not taxable , excess of Rs,.1000/- in your query Rs.500(1500-1000) will be add as perquisites of income of the employee

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