tax free perquisites
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 May 2010
can tax on perquisities(sodexo meal pass; reimbursement of newspaper bills)of employees borne by the company ?
if yes, then how to show the income in the employees return and the tax portion borne by the company.
if yes, then how to show the income in the employees return and the tax portion borne by the company.
13 May 2010
No,now fringe benefit tax is not payable by company while such perquisites are considered as part of employees salary so tax should be charged as per their tax calculation and IT act.
13 May 2010
Agreed now tax have to be paid by employees. perquisites will be part of salary.
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