Income tax of employee paid by employer
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 July 2014
dear sirs,
I was wondering if you would solve the my problem. My company has made agreement with employee to pay salary and income tax on salary. Now my query is income tax, which has been paid by employer on behalf of employee,is monetary perquisite or non-monetary perquisite and is it taxable income hands of employee to compute income tax? Is it fall under section 10(10CC)?
I was wondering if you would solve the my problem. My company has made agreement with employee to pay salary and income tax on salary. Now my query is income tax, which has been paid by employer on behalf of employee,is monetary perquisite or non-monetary perquisite and is it taxable income hands of employee to compute income tax? Is it fall under section 10(10CC)?
11 July 2014
1. its taxable as monetary perquisite only.
Message likes :
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Rupesh Jain
(Expert)
11 July 2014
it s taxable under monetary perquisite.
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11 July 2014
@ rupesh also give supportings for ur ans.
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