| Published on 15-03-2008 In Business |
| Viewed 294 times |
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Written by Raj |
Perquisites in relation to an employee are the personal advantage gained by the employee during the course of his/her employment.
It is the profit or gain incidentally made from employment in addition to regular salary or wages. Section 17(2) of the Income Tax Act, 1961 defines perquisite in an inclusive manner. It includes the following: |
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