Valuation of perquisite

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CA Jasbir Singh (Querist)
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09 February 2013 If a person getting the facility of free education of child from employer and cost of education is Rs 1200 pm then what will be the value of taxable perquisite ?

CA Himanshu Kansal

CA Himanshu Kansal (Expert)
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09 February 2013 Hi jasbir,

if the school is owned or maintained by the employer then, value of perk is equal to:
Market cost of education less 1000 per month per child,

but if the school or college is not owned or maintained by the employer then, the entire cost is taxable. In your case, Rs. 1200 per month per child is treated as perk.

CA Jasbir Singh

CA Jasbir Singh (Querist)
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16 February 2013 thax a lot
school is owned by the employer and cost of education is Rs.1200.PM
so what is taxable amount
1200-1000=200PM
or
Rs.1200

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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02 August 2025 https://docs.google.com/document/d/1_I-YIM04WdI6dh0DK9Y55BXJgZoov-7CCQ1uB1iwni4/edit?usp=sharing

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