Dear Experts,
One of the employer is providing mobile for its employees for official and personal use.
Will there perquisites applicable as it is movable asset.
Thanks,
Menu
Value of perquisite
Replies (1)
If your employer provides a mobile phone for both official and personal use and retains ownership, it is generally not taxable as a perquisite. Additionally, any reimbursement of mobile/internet bills provided against actual bills for business purposes is fully tax-exempt. However, if you receive a fixed monthly "telephone allowance" without the requirement to submit bills, that fixed amount is treated as salary and is fully taxable.
Recent Topic
- Itr schema a.y 26-27 v/s form no.16
- Advance Tax for senior citizen with small speculat
- Zero income tax on Capital Gain on sale of house p
- Rental income calculation for 12months
- PF Withdrawal before completing 5 years
- Discrepancy in "Processed By Source" and
- Dilemma of Indian Dependant Housewives
- TDS console file not open in RPU 1.1
- ITR 3: BFLA schedule not correct
- Dividend on foreign stocks in ITR2
Related Topics
CAclubindia
