https://www.taxtmi.com/circulars?id=10986 Revised managerial remuneration guidelines effective 1 April 1983 require fresh consent in the Department's revised format; earlier consents to 1978/1979 guidelines do not suffice. Any proposal to increase remuneration or perquisites (including higher gratuity) for the unexpired period of an existing sanction requires a fresh application under section 310 supported by a board resolution and compliance with prescribed notice procedures. Ex gratia payments are not permissible. Part A perquisites are subject to a ceiling of Rs. 45,000 or annual salary, Income tax Rules govern valuation of company housing (subject to a 10% salary cap), and salary excludes commission for terminal benefit eligibility. en-us Tue, 22 Nov 1983 00:00:00 +0530 Mon, 20 Jun 2011 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10986 Revised managerial remuneration guidelines effective 1 April 1983 require fresh consent in the Department's revised format; earlier consents to 1978/1979 guidelines do not suffice. Any proposal to increase remuneration or perquisites (including higher gratuity) for the unexpired period of an existing sanction requires a fresh application under section 310 supported by a board resolution and compliance with prescribed notice procedures. Ex gratia payments are not permissible. Part A perquisites are subject to a ceiling of Rs. 45,000 or annual salary, Income tax Rules govern valuation of company housing (subject to a 10% salary cap), and salary excludes commission for terminal benefit eligibility. Circulars Companies Law Tue, 22 Nov 1983 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10986