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Querist : Anonymous

Querist : Anonymous (Querist)

07 January 2011 what is ment by NON-MONETARY PERQUISITES, AND GIVE SOME EXAMPELS.... PLZ

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

07 January 2011 Non monetory perqusites is facilities given by employer to employee in form of non cash.

Ex:- Providing rent free accomdation, Providing Car facility, Interest free loan

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Querist : Anonymous

Querist : Anonymous (Querist)

07 January 2011 And at what rate employer can deduct tax for such non-monetary perks....am talking about TDS

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

07 January 2011 Non monetary perks need to be valued as pr perqusites valuation rules as per income tax, and add that value to the normal salry income and calualte tax and deduct accodringly based on slab

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