Hello Experts,
I am Salaried Employee.
In my TAX Statement (FY 2021-2022) of ADP following components are showing which I did not get in Salary or not showing in my salary slip. So I do not know why and how its showing in Tax Statement.
1. OTHER PERQ 8
2. OTHER PERQ 24
TOTAL VALUE OF PERQUISITES U/S 17(2)
Can anyone how it comes into my TAX statement.
Thank you in advance for your help.
These codes represent the taxable value of non-cash benefits provided by your employer (such as car facilities, insurance, or accommodation). They are required by law to be included in your salary income for TDS purposes under Section 17(2) of the Income Tax Act. Check your payroll portal or ask your HR for a breakdown if you need to know exactly which benefits these codes refer to.
CCI
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CAclubindia
