Perquisites under salary income cover accommodation, employer-paid benefits, stock options, and excess fund contributions. Section 17 treats specified employer-provided advantages as perquisites forming part of salary income, including rent-free accommodation, accommodation at concessional rent, free or concessional benefits and amenities, specified securities or sweat equity shares, employer payment of personal obligations, employer-funded life assurance or annuity arrangements, and excess employer contributions to prescribed funds together with annual accretion on such excess contributions. It also sets out prescribed valuation methods, identifies specified employees, and defines terms such as fair market value, option, specified security, and sweat equity shares.
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.
Perquisites under salary income cover accommodation, employer-paid benefits, stock options, and excess fund contributions.
Section 17 treats specified employer-provided advantages as perquisites forming part of salary income, including rent-free accommodation, accommodation at concessional rent, free or concessional benefits and amenities, specified securities or sweat equity shares, employer payment of personal obligations, employer-funded life assurance or annuity arrangements, and excess employer contributions to prescribed funds together with annual accretion on such excess contributions. It also sets out prescribed valuation methods, identifies specified employees, and defines terms such as fair market value, option, specified security, and sweat equity shares.
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