Day: November 14, 2023

Medical reimbursement under Income Tax Act: Employees can claim tax exemption for medical expenses incurred on

Perquisites received by a teacher/professor from SAARC member states are exempt from tax in India

Section 17(2)(vii) of the Income Tax Act exempts from tax the employer’s contribution to a

Sweat equity shares are shares issued by a company to its employees or directors in

Section 10(10CC) of the Income Tax Act, 1961 exempts the income tax paid by the

Amount paid or reimbursed by the employer under Income Tax Act: The value of the perquisite

Expenses incurred by the employer in respect of credit card used by the employee or

The valuation of perquisite in respect of gift, voucher, or token under the Income Tax

The valuation of perquisite in respect of travelling, touring, and accommodation under the Income Tax

The valuation of perquisite in respect of lunch/refreshment under the Income Tax Act is determined