Exempt income
This query is : Resolved
09 March 2014
sir. how tax on non monetary perks are paid by employer are exempt in hands of employes u/s 10(10cc)nd not deducted from gross total income of employee as we deduct tds..or advance tax.. ?? e.g. rfa is taxable nd tax paid on rfa shld deduct frm gti...??
09 March 2014
the employer can deduct TDS also. If TDS is not deducted by the employer, the employee can pay advance tax.
With regards to the second part of the query, RFA is taxable and is included in the GTI. payment of tax has no link to computation of GTI. It would remain as it is.
With regards to the second part of the query, RFA is taxable and is included in the GTI. payment of tax has no link to computation of GTI. It would remain as it is.
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