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Perqusites Taxable
Rent free/concessional accomodation.
Cars.
Sweeper, gardner,watchman,personal attendant.
Gas , electricity ,water.
Interest free loan.
Holiday expences.
Free / concessional travel.
Free meals.
Education.
Gifts / vouchers , etc.
Credit card / club expences.
Transfer of assets to employee.
Stock options (non-qualified).
Profits in lieu of salary as per 17(3).
Perqusites Not Taxable
Refreshments provided during working hours.
Provision of medical facilities.
Free meals < Rs.40/- provided during working hours
Recreational facilities extended to a group of employees.
Conveyance provided for journey bet. Office & residence.
Employer's contribution to staff group insurance schemes.
Interest free loans < Rs.20000/-
Gift-in-kind < Rs.5000/- in a year.
you just have to extend your question for accurate answer.
but in brief i can define it as these are the facilities and services provided by the employer and does not form part of allowances.
these may be in kind or in the form of reimbursement .
just like medical reimbursement and interest free or concessional loan etc.
i can extend the answer but i need more clarification so please state in detail what you want to know about peqs.
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