Compensation figures for top executives have been receiving heightened attention due to high unemployment figures and spreading protests across the country, and hospital executives are not immune to ...

SINCE long, pay and pension commissions have been recommending monetisation of perquisites for inclusion in pay packages of bureaucrats. However, these were cleverly scuttled and not implemented under ...

Some instances of perquisites exempt from tax are given below: Provision of medical facilities (Provision to Sec. 17(2)): Value of medical treatment in any hospital maintained by the Government or any ...

There are several benefits provided to employees to ensure their motivation remains high. Apart from bonuses based on performance, another common incentive is perquisites in the form of housing, cars ...

2007-01-29T09:22:23-05:00https://ximage.c-spanvideo.org ...

NEW YORK (AP) -- With the arrival of new federal rules requiring greater pay disclosure, more companies are eliminating executive perquisites, from country club fees to Book of the Month Club ...

This year’s Union budget proposed a new TDS, or tax deducted at source, obligation through section 194R of the Income-tax (I-T) Act 1961, with effect from 1 July. This section requires deducting tax ...

Has your employer given you a car ? Do you live in an apartment provided by your company? Watch out! These privileges or perquisites (popularly known as “perks”) may be taxable in your hands. Perks ...

I fall in the 30 per cent tax bracket, staying in company-provided quarters, claiming electricity, fuel allowance (with actual bills) from the company. My company deducts income tax by calculating ...

The recent clarifications of CBDT are in response to certain representations made by the taxpayers. TDS (Tax Deducted at Source) on Perquisites paid by the employer for AY 2020-21: Employers ...