Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

employers education facility - value of perquisites

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Query Ask a Query

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)

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)

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

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now