Perquisite exemption removal for employer-paid medical treatment alters salary tax treatment from the assessment year. Clause 8 deletes the proviso clause that excluded employer-paid medical reimbursements for an employee or family member from being treated as a perquisite; as a result such employer-funded medical reimbursements will be treated as taxable perquisites under the salary provisions. The amendment is effective from 1 April 2019 and applies to the assessment year commencing on that date and subsequent years.
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Provisions expressly mentioned in the judgment/order text.
Perquisite exemption removal for employer-paid medical treatment alters salary tax treatment from the assessment year.
Clause 8 deletes the proviso clause that excluded employer-paid medical reimbursements for an employee or family member from being treated as a perquisite; as a result such employer-funded medical reimbursements will be treated as taxable perquisites under the salary provisions. The amendment is effective from 1 April 2019 and applies to the assessment year commencing on that date and subsequent years.
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