Hi!
Is there any provision under the current Income Tax laws that allows the company/Employer to pay the income tax on behalf of the Employee; who is also an Indian.
In short can an employee negotiate a salary package which quotes a net amount and ask his income tax laibilities to be taken care of by the company.
Also if this is possible the can i know under which clause or section is this possible in such .. also in such a case .. does the employee have to pay fringe benefit tax; considering the company taking care of his income tax liability becomes a fringe benefit for the employee..
Kindly Enlighten!!
Is there any provision under the current Income Tax laws that allows the company/Employer to pay the income tax on behalf of the Employee; who is also an Indian.
In short can an employee negotiate a salary package which quotes a net amount and ask his income tax laibilities to be taken care of by the company.
Also if this is possible the can i know under which clause or section is this possible in such .. also in such a case .. does the employee have to pay fringe benefit tax; considering the company taking care of his income tax liability becomes a fringe benefit for the employee..
Kindly Enlighten!!