Year: 2023

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

The valuation of perquisite in respect of free transport provided by a transport undertaking to

If the motor car is used exclusively for official purposes, there is no perquisite value.

A hospital approved by the Chief Commissioner under the Income Tax Actis a hospital that

Medical facilities provided by the employer: The value of medical facilities provided by the employer is

The valuation of the perquisite in respect of movable assets sold by an employer to