Taxability of Perks

Dear Freinds,
Its urgent

In a company Salary Part-B is given under the Head as Car Fuel , Car Driver, Car Maintenance &Insurance, Society charges, Residence Telephone, Mobile expenses as Fixed component and also on Actual bills, employee to employee it differs.Earlier company gives FBT on it. My Question is that:-

1.As it is a Fixed part in salary should it be treated as allowance or perquisites?

2.If it is allowance then these are fully taxable?

3.Can it be treated as perquisites as company takes the Bill against each expenses as reimbursement tough it is a part of Salary is it applicable as per IT Act?

4. What is taxability of these components now after NOTIFICATION as on18 December?

PLease................................promptly and clearly answer my Questions individually

Thanks in Advance

Replies (1)

1 allowance or Perq it is to be decided upon the nature

2 if allowance then taxable except for allowances which are expressly mentioned like 10(13A) or 10(14)

3 the balance over & above the actual should be taxed generally

this is my opinion. u need to confirm the same with the book

sunil

 

 

 

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details