fbt perquists.

This query is : Resolved

RAJEEV (Querist)
Follow

19 June 2010 plz help ,

in form 16, employer paid tax on perquists value u/s 17(2).

will this tax can add in salary .
and also tell me that can we can deduct this tax from total tax payable value.

Shudhanshu Agrawal

Shudhanshu Agrawal (Expert)
Follow

19 June 2010 If any employer provides tax on non monetary perquisite then the tax is exempted from tax for employee under Section 10(10CC) hence it should not be considered as salary.

Yes this tax shall be considered as normal TDS and shall be deducted from tax payable.