Perquisite taxation: colliery allowance partly taxable, only excess beyond prescribed threshold treated as taxable perquisite. Colliery allowance paid by Coal India Ltd. is a perquisite and taxable, but only the excess over Rs.100 per month or over 50% of the actual allowance, whichever is higher, shall be treated as a taxable perquisite; the remainder is regarded as expense related and not chargeable as a perquisite, and officers are to be notified for payroll implementation.
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 taxation: colliery allowance partly taxable, only excess beyond prescribed threshold treated as taxable perquisite.
Colliery allowance paid by Coal India Ltd. is a perquisite and taxable, but only the excess over Rs.100 per month or over 50% of the actual allowance, whichever is higher, shall be treated as a taxable perquisite; the remainder is regarded as expense related and not chargeable as a perquisite, and officers are to be notified for payroll implementation.
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