Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Employers Must Pay Tax on Employee Perks: Comprehensive Guide to Fringe Benefits Under Income Tax Act Section 17(2)</h1> The text provides a comprehensive definition of fringe benefits under the Income Tax Act, 1961. It details various types of fringe benefits including privileges, services, facilities, free tickets, contributions to superannuation funds, and securities provided by employers. The specific categories of expenditures considered fringe benefits, such as entertainment, hospitality, conferences, sales promotion, employee welfare, conveyance, and other amenities. The text also discusses the taxation of interest-free or concessional loans provided to employees, specifying valuation methods based on State Bank of India's lending rates.