Perqusite
This query is : Resolved
09 March 2010
Query :- If a Car purchased in the name of Employee & Co. Pays EMI for that , then what will be its tax treatment.
Whether it should be included in Gross salary in Form 16.Please rply in detail
Thanks
Whether it should be included in Gross salary in Form 16.Please rply in detail
Thanks
09 March 2010
if car is in employee name then sure it will be clubbed in his salary as perqusites. As this was employee responsibility which company is paying. it will be added in form 16
09 March 2010
Yes.It is taxable perquisites for employee need to add taxable salary
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