09 December 2010
SIR, I AM DEDUCTING TAX ON PERKS VALUE OF LEASED RENT ACCOMODATION PROVIDED BY EMPLOYER TO EMPLOYEE.
MY QUERY IS THAT ELECTRICITY BILL FOR ABOVE ACCOMODATION IS TO ADDED FOR PERKS VALUATION OF THAT EMPLOYEE.cAN I DEDUCT TAX ON PERKS VALUE OF ELECTRICITY BILL OF THE SAME.
"For free supply of gas, electricity and water for household consumption the old rules already provide that the amount paid by the employer to the agency supplying the amenity shall be the value of perquisite. However, when the supply is made from employer's own resources, the value of perquisite was taken as Nil."
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