what are the tax implications for both employer and employee if any employer bear the expenses of its employee's higher education and made a contract of work with the employee for some specified period?
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Higher education expenditure of employee
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Amount spent for providing free education facilities to, and training of the employee, is not a taxable perquisite in the hands of the employee.
Also such expense will be a business expense for the employer.
can you please refer any section regarding this?
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