In case the tax is paid by the employer on behalf of employer. Whether such amount will be considered as perquisite under section 17(2)?
Now whether the employee be liable to pay tax on the amount of such perquisite. ????
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Tax on tax - tax paid by employer for employee
Replies (1)
thats a perk for the employee but he is no more required to pay tax for that since presently that income is exempt under section 10(10CC).
Moreover employer is also not allowed to take the deduction of that under section 40(a).
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