CA Mrinal Gunjan (CA) (131 Points)
25 April 2010Will the free or subsidized education provided to a school teacher's ward be classified as perquisite for free education to child although the appointment letter of the employee is silent in this regard. The school's memorandum too does not specify this. its just a tradition that the teacher's ward be given free education in the school.
CA Babit Khurana
(learning is my passion)
(338 Points)
Replied 25 April 2010
In this regard the same is treated as perq. and exempt upto 1000 p.m expended by employer per child and no limit of child.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
