Education facility to children of employee

This query is : Resolved

ramachandra rao. M.V (Querist)
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13 December 2008 In case of education faciilities provided by the employer to employee in the institute owened and hired by the Employer, is it taxable in the hands of specified employees?

CA Tilak Raj Sharma

CA Tilak Raj Sharma (Expert)
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13 December 2008 If the cost of education is less than 1000 p.m. then it is not taxable.

But if the cost is more than 1000 p.m. then amount in excess of 1000 p.m. will be taxable.

ramachandra rao. M.V

ramachandra rao. M.V (Querist)
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13 December 2008 thanks
But my query is is it taxable in the hands of specified employees only ( in case it is owned and hired by employer). correct?

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