09 February 2013
If a person getting the facility of free education of child from employer and cost of education is Rs 1200 pm then what will be the value of taxable perquisite ?
if the school is owned or maintained by the employer then, value of perk is equal to: Market cost of education less 1000 per month per child,
but if the school or college is not owned or maintained by the employer then, the entire cost is taxable. In your case, Rs. 1200 per month per child is treated as perk.
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