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Perquistes for the ay 2018 -2019

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Sekar Rangaswamy

34 Points Posted on 24 July 2018

Dear Sir,

When employer Under Head GROSS SALARY icludes"Value of Perks Under Sec 17(2)", and

Deduct TDS;

(i) Is the Value of perks fully taxable

(ii) What can be the percentage of Perks / amt, wrt Salary.

(ii) Can we get exemption for Value of Perks

Please Advice.

Replies (1)

CA Sunil Kumar

Chartered Accountant

2301 Points Posted on 24 July 2018

1) Taxability of perquisites is depend upon type of perks you received from your employer.
2) There is nowhere mentioned in act or rules about a predetermined percentage of perquisites of salary. Perquisites value can be more than the salary amount.
3) you need to mention about what kind of perquisites have you received.