https://www.taxtmi.com/caselaws?id=63294 Employer contributions to mandatory foreign social security and pension schemes were treated as non-taxable perquisites because the employee had no present vested right or immediate benefit at the time of contribution; the benefit remained contingent on a qualifying event such as superannuation. By contrast, amounts actually received under a health insurance policy were taxable as perquisites when received, and the assessment was confined to such verified receipts. The governing principle is that an employer's contribution is not a taxable perquisite unless it creates a present enforceable benefit for the employee; contingent benefits are taxed only on actual receipt. en-us Wed, 30 Nov 2005 00:00:00 +0530 Sat, 29 Jan 2011 10:17:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63294 Employer contributions to mandatory foreign social security and pension schemes were treated as non-taxable perquisites because the employee had no present vested right or immediate benefit at the time of contribution; the benefit remained contingent on a qualifying event such as superannuation. By contrast, amounts actually received under a health insurance policy were taxable as perquisites when received, and the assessment was confined to such verified receipts. The governing principle is that an employer's contribution is not a taxable perquisite unless it creates a present enforceable benefit for the employee; contingent benefits are taxed only on actual receipt. Case-Laws Income Tax Wed, 30 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63294