Following perquisites are taxable for all employees

  • Rent Free Accommodation provided to employee
  • Accommodation at Concessional Rent provided to employee.
  • Obligation of employee paid by employer (Domestic Servant paid by employee but employer reimburses the salary)
  • Amount paid by employer to affect assurance on life of assessee or to effect contract of annuity (except approved funds like Recognized provident fund, Super Annuation Fund etc
  • Value of any specified security or sweat equity shares given by employer or former employer free of cost or at concessional rate
  • Contribution to Super Annuation fund > 1 lacs
  • Value of any other benefit as may be prescribed
  1. Income Tax
  2. Income from Salaries

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 11 years. He also provides Accounts Tax GST Training in Delhi and Pune.