TaxTMI 
TaxTMI 
With the withdrawl of FBT and announcement of the new Perq valuation rules, how will Superannuation Contribution by Employer be treated ?
Treatment of Superannuation Contribution
21 Jan 2010 
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Employer superannuation contribution treated as perquisite under revised valuation rules, taxable to the employee beyond specified threshold.
Employer contributions to an approved superannuation fund are treated as a perquisite; the amount of any contribution in respect of the employee is included as perquisite to the extent it exceeds one lakh rupees under the revised perquisite valuation rules following withdrawal of fringe benefits tax. (AI Summary)
Employer contributions to an approved superannuation fund are treated as a perquisite; the amount of any contribution in respect of the employee is included as perquisite to the extent it exceeds one lakh rupees under the revised perquisite valuation rules following withdrawal of fringe benefits tax. (AI Summary)