Income tax(salary)
This query is : Resolved
11 August 2013
Please tell me whats the meaning of
"club facility(valued)" ??
"club facility(valued)" ??
11 August 2013
Club Facility is provided to the employee by the employer. Sometimes the expenditure is reimbursed to the employee. The amount is taxable in certain circumstances. "Valued" menas such a value which is taxable. For more details pl. refer-
http://incometaxadvisors.wordpress.com/perquisite-club-membership-fees/
http://incometaxadvisors.wordpress.com/perquisite-club-membership-fees/
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