Perquisite classification: bonus and cash allowances treated as perquisites and aggregated with other perquisites for limiting deductions. Bonus, commission and other cash allowances are to be treated as perquisite and not remuneration. Such payments are 'profits in addition to salary' and must be aggregated with other perquisites for applying the statutory limit that restricts disallowance. Earlier circulars inconsistent with this view are superseded to that extent, and the instruction is not applicable from the date the revised statutory definition of salary and perquisite came into effect.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Perquisite classification: bonus and cash allowances treated as perquisites and aggregated with other perquisites for limiting deductions.
Bonus, commission and other cash allowances are to be treated as perquisite and not remuneration. Such payments are "profits in addition to salary" and must be aggregated with other perquisites for applying the statutory limit that restricts disallowance. Earlier circulars inconsistent with this view are superseded to that extent, and the instruction is not applicable from the date the revised statutory definition of salary and perquisite came into effect.
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