Thread Started by #mili_sinhara

Dear Seniors,
Good Afternoon !!!
Kindly share what are the perquisites, Fringe Benefits are there for the employer under income tax act 1961.
In which Employer can make it as expenses & employees can avail those as benefits.
Kindly guide seniors.
Gracious,
Mili
16th February 2018 From India, Vadodara
Dear Mili,
For tax exemption of employees conveyance, medical, HRA,LTA can be useful for the employer to show in the pay structure.
Beyond this the statutory contributions and deductions like PT,ESI,EPF,are always there for the employee benefit in tax matters.
16th February 2018 From India, Hyderabad
Dear Venkata,
Thanks for your reply. Am not saying about salary structure.
Many Perquisites , fringe benefits are there employer can show in expenses & employees can get benefits.
Rather than Fringe Benefits & Perquisites anything would be there. Please share.
Thanks,
Mili
17th February 2018 From India, Vadodara
Dear Mili,
Canteen Allowances, Gift Coupons, Sodexo Passes, Medical Benefit, Employee rewards & Awards these all benefit for employee and employer can show there expenses for providing these benefits.
Regards
Vineet
17th February 2018 From India, Mumbai
Dear Vineet,
Many Thanks for your very quick assistance.
Sodexo Rs.26,400 P.A.
Please let me know can we give canteen allowance along with sodexo? If yes, What would be maximum amount for the employer? Under which section? Can employer show in expenses?
I am knowing up to Rs.5000 gift in kind tax free for the employer. Are gift coupons tax free for the employer? what would be maximum amount? Am asking for employer only not for employees. In banks gift coupons are available for employees tax exemption not for employer.
kindly guide what would be maximum amount for gift coupons, reward,award for employer? From where can we have it? Employer can show in expenses.
Thanks,
Mili
17th February 2018 From India, Vadodara
Dear Seniors,
Kindly help me to reply.
Am waiting for your very kind reply.
Thanks,
Mili
19th February 2018 From India, Vadodara
Reply (Add What You Know) Start New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)





About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™