"Employer Expenses, Perquisites, Fringe Benefits"

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
Venkata Vamsi Krishna Patnaik
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.
mili_sinhara
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
vineetpandey88@yahoo.com
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
mili_sinhara
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
mili_sinhara
Dear Seniors,
Kindly help me to reply.
Am waiting for your very kind reply.
Thanks,
Mili
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