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Perquisites News

Loan From Employer At Concessional Rates: Know Tax Implications

Amid Covid 19 second wave it was seen that many people were unprepared financially to deal with health exigencies. In such a crisis, people in the formal sector are at an advantage as they can seek financial assistance from their employers ...

Taxation Of ESOPs In India: Al You Should Know

Esops or Employee stock options are granted as a remuneration to company employee's for their employment and service with the organization and herein after some pre-decided period, through these employees can get company shares. It is to be noted that for ...

Salaried Class: Keep Travel Allowance Receipts Or Be Ready To Pay Tax

As per the recent High Court ruling, it shall be in the interest of salaried class who get travel allowance for their official visits either in the home or foreign country to keep travel expenses related receipts handy as else it ...

Which perquisites from salaries are exempted from Income Tax in India?

A "perquisites" is meant to include any casual benefit attached over and above the salary or wages. They are also called fringe benefits. Perquisite include the following: 1. Value of rent free/concessional rent accommodation provided by employer. 2. Value ...