Tax paid by employer on behalf of employee
This query is : Resolved
16 July 2024
My employer has included a certain amount of money in my income called "Tax paid by employer on behalf of employee", though this was never received by me. They have also shown this amount as an exemption in my form 16.
I also observed that the total TDS deposited by me (as shown in AIS and form 16) is the total income tax deducted from my salary plus this amount of "tax paid by employer on behalf of employee".
My query is - is this the correct way to handle tax paid by employer on behalf of employee. Should it be included in the TDS?
Should it be included in my salary, if yes should it be exempt while calculating taxes? What is the reason for that?
I also observed that the total TDS deposited by me (as shown in AIS and form 16) is the total income tax deducted from my salary plus this amount of "tax paid by employer on behalf of employee".
My query is - is this the correct way to handle tax paid by employer on behalf of employee. Should it be included in the TDS?
Should it be included in my salary, if yes should it be exempt while calculating taxes? What is the reason for that?
16 July 2024
Yes, it is included in salary and as such TDS deducted over aggregate salary.
Yes, it is exempted perquisites..
Yes, it is exempted perquisites..
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