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Perquisite to non-specified employee

Tax queries 1654 views 2 replies

vinay

accounting

165 Points Posted on 04 February 2017

Dear All,

We understand "Perquisites taxable only in the cases of specified employees" - Ex: Rent free accomodation, Free conveyance for private use, Free education facility, Holiday trips, Gas electricity 7 water etc.,

Is it implied that similar benefits given to non-specified employee is not taxable? or is it also taxable to non-specified

If taxable in the hands of non-specified employee then why is it read "Perquisites taxable only in the cases of specified employees"?

Replies (2)

Nikhil Sharma

Government Service

539 Points Posted on 04 February 2017

Yes it isnt taxable in hands of non specified employee. But you get covered under specified employee if your annual salary is more than 50000 per annum. And practically in todays world you will hardly find any employee earning less than 50000 per annum.

Sri

Manager

28 Points Posted on 13 June 2017

Suppose a Chairperson of a company is provided with a car and driver - how to calculate the perquisite tax?
The Chairperson is not a paid employee - and may not receive remuneration of the order of 50k per year, or any remuneration at all.
We do know the perquisite value for specified employee would be 1800 + 900 for cars below 1.6L and provided along with driver.
But in this case Chairperson is not a specified employee - how to calculate tax of this perquisite for the chairperson?