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Taxability of Perquisites (Theory)​679348In this part you can gain knowledge about the provisions to be kept in mind while ascertaining the taxable value of various perquisites provided by the employer to his employee. ​9/8/2014 7:51:08 PMIn general perquisite means any benefit If an employer is providing any perquisite to his employee, then the value of that perquisite should be computed in the manner prescribed 2521https://www.incometaxindia.gov.in/Tutorials/Forms/AllItems.aspxpdfFalsepdfTutorial{903058ee-bf1e-4514-bbd4-e628472da78b}831d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Valuation of perquisites7545767/5/2018 5:26:16 AMthe accommodation at the other place, the value of perquisite shall not exceeding 90 days and thereafter the value of perquisite shall be charged for both such accommodations 30957https://www.incometaxindia.gov.in/Rules/Income-Tax RuleshtmlFalsehtmRuleIncome-tax Rules{f5d01c93-5528-4be1-b341-5dc3e9647425}8931d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in3Car;Club facilities;Credit card facility;Domestic servant;Education;Free food, etc.;Gas/electricity;Gifts;Holiday tour;Interest free loans;Motor-car allowance;Movable assets;Perquisite;Residential accommodation;Salary;Sweeper/Gardener;Transport facility
Taxability of Perquisites (Practical)​679347In this part you can gain practical knowledge about the provisions to be kept in mind while ascertaining the taxable value of various perquisites provided by the employer to his employee. ​​9/8/2014 7:51:05 PMWhat will be the taxable value of perquisite arising in the hands of Mr.Sunil in respect The value of perquisite will be computed on the basis of population of the city in which 3294https://www.incometaxindia.gov.in/Tutorials/Forms/AllItems.aspxpdfFalsepdfTutorial{903058ee-bf1e-4514-bbd4-e628472da78b}821d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Circular No. 5/2011, dated 16-8-20118313598/20/2011 4:21:03 PMForm No. 12BA (as amended) 45 Revised procedure for furnishing qtly e-TDS/TCS Person responcible for filling Form 24G in case Of State Govt Departments/Central Govt 289https://www.incometaxindia.gov.in/Communications/CircularpdfFalsepdfCircular1922011-08-15T18:30:00.0000000Z20115/2011{8f5119bc-7835-4673-bf0f-3474ae9bd9c6}491d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Valuation of Perquisites May, 201874714​Valuation of Perquisites May, 20183/1/2019 4:25:09 PMOF CONTENTS Sr. No. Particular Page No. 1. Perquisites 1 2. Taxation of Perquisites 3 3. Valuation of Perquisite 7 4. Value of certain other fringe benefits 17 5. Definition 320https://www.incometaxindia.gov.in/Booklets Pamphlets/Forms/AllItems.aspxpdfFalsepdfBooklet{e1af5c4d-1048-48d7-8520-64eb07daf071}811d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Circular No. 13/2002, dated 23-12-20028317497/16/2014 9:40:56 PMthe estimated salary income including the value of perquisites, for the financial year exceeds Rs inclusive of all perquisites: 2,40,000 595https://www.incometaxindia.gov.in/Communications/CircularhtmlFalsehtmCircular2002-12-22T18:30:00.0000000Z200213/2002{8f5119bc-7835-4673-bf0f-3474ae9bd9c6}6481d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Statement showing particulars of perquisites, other fringe benefits or amenities and profits in lieu of salary with value thereof8306293/16/2015 9:48:46 PMyear : 8. Valuation of Perquisites : S. No. Nature of perquisites (see rule 3) Value of perquisite as per rules (Rs Total value of perquisites 19 14747https://www.incometaxindia.gov.in/Forms/Income-Tax RulespdfFalsepdfFormIncome-tax Rules12BA{9cb610e6-fe06-4f0f-a1f8-6be8abb7512c}1381d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Employees: Benefits allowable678089Salaried persons constitute a large chunk of total taxpayers in India and their contribution to total tax collection is substantial. The document includes brief introduction and tax treatment of various allowances and perquisites available to an employee, inter-alia, house rent allowance, gratuity, provident fund and so forth.3/25/2019 5:17:13 AMGovernment for allotment of houses shall be deemed to be the taxable value of perquisites House Property is taken on lease or rent by the employer, the perquisite value shall be 110206https://www.incometaxindia.gov.in/Charts Tables/Forms/AllItems.aspxhtmlFalsehtmCharts ＆ Tables{26b89a4f-398f-430e-bccf-2f9843f0620c}571d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
​ Treatment of income from different sources 8330524/19/2019 6:13:07 AME. Arrear of Salary and relief Any allowance or perquisite paid or allowed by Government to its employees (an Indian b) Value of conveyance facilities including transport allowance 64125https://www.incometaxindia.gov.in/Documents/Left MenuhtmlFalsehtmOthers{6da74bef-4aea-484a-a870-02587928d7dc}4271d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
"Salary", "Perquisite" and "Profits in lieu of salary" defined8904489/5/2014 2:08:31 PM(iv) any fees, commissions, perquisites or profits in lieu of or in addition to any salary (i) the value of rent-free accommodation provided to the assessee by his employer 10576https://www.incometaxindia.gov.in/Acts/Income-tax Act, 1961/1966htmlFalsehtmActIncome-tax Act, 196117CHAPTER IVCOMPUTATION OF TOTAL INCOME1966{13896cd1-2b32-4ec2-8593-d8603ef8120d}517041d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in