Perquisite exclusion: employer paid COVID 19 medical expenses excluded from taxable perquisites subject to notified conditions. The amendment inserts a new sub clause excluding employer payments for medical expenditure on employee or family member treatment for illnesses relating ... Summary
Perquisite exclusion: employer paid COVID 19 medical expenses excluded from taxable perquisites subject to notified conditions.
The amendment inserts a new sub clause excluding employer payments for medical expenditure on employee or family member treatment for illnesses relating to COVID 19 from the definition of perquisite, subject to conditions to be notified by the Central Government; the change is retrospective to the start of the fiscal year and applies to the relevant assessment year and subsequent years.
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