Tax on non-monetary perquisites: payer may elect to discharge tax, treated as tax deductible at source on salary. Payer may elect to pay tax on non-monetary perquisites by computing tax at the average of income-tax rates on salary income including such perquisites; ... Summary
Tax on non-monetary perquisites: payer may elect to discharge tax, treated as tax deductible at source on salary.
Payer may elect to pay tax on non-monetary perquisites by computing tax at the average of income-tax rates on salary income including such perquisites; the tax so paid is treated as tax deductible at source from salary and is subject to the withholding Chapter's provisions.
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