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of <h1>Tax Rules for Valuing Household Servant Perks: Employer-Provided vs. Employee-Hired Services Explained.</h1> Circular No. 122, dated 19-10-1973, addresses the valuation of perquisites related to household servants provided by employers. According to the circular, the taxable perquisite for employees using services of gardeners, night watchmen, and sweepers provided by their employer should be calculated based on a specific percentage of actual wages or a fixed amount, whichever is less. The reimbursement of wages for servants hired directly by employees is fully taxable as income. The circular further clarifies that salaries paid to gardeners maintaining employer-owned properties do not constitute a perquisite, as these expenses are for property maintenance, not employee obligations.
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