Employer-Paid Taxes Are Taxable Perquisites u/s 17(2)(iv) of Income Tax Act, Not Direct Payments to Employees.

Employer-Paid Taxes Are Taxable Perquisites u/s 17(2)(iv) of Income Tax Act, Not Direct Payments to Employees. https://www.taxtmi.com/highlights?id=2920 Whether “Tax Payments“ by employer on behalf of Employee be considered as a taxable Perquisite further liable to tax - Taxes paid by the employer on behalf of the assessee is not a monetary payment but it is discharge of his obligation, and the payment fully fits in the jacket of section 17(2)(iv) of the Act, and it may be a monetary gain or monetary benefits or a monetary allowance but definitely it is not a monetary payment to the assessee. .... - AT en-us Tue, 14 Feb 2012 11:39:16 +0530 Tue, 14 Feb 2012 11:39:16 +0530 TaxTMI RSS Generator Employer-Paid Taxes Are Taxable Perquisites u/s 17(2)(iv) of Income Tax Act, Not Direct Payments to Employees. https://www.taxtmi.com/highlights?id=2920 Whether “Tax Payments“ by employer on behalf of Employee be considered as a taxable Perquisite further liable to tax - Taxes paid by the employer on behalf of the assessee is not a monetary payment but it is discharge of his obligation, and the payment fully fits in the jacket of section 17(2)(iv) of the Act, and it may be a monetary gain or monetary benefits or a monetary allowance but definitely it is not a monetary payment to the assessee. .... - AT Highlights Income Tax Tue, 14 Feb 2012 11:39:16 +0530 https://www.taxtmi.com/highlights?id=2920