https://www.taxtmi.com/article/detailed?id=939 Perquisite valuation for employer provided free or concessional education depends on the employer's relationship to the institution: actual expenditure if not owned by the employer; cost of comparable local education if owned, maintained or patronized by the employer, with ancillary expenses added per child or pro rata. Household members covered include spouse, children, parents, servants and dependants. A specific exemption applies only to employee children when the cost per child does not exceed the rule's threshold; otherwise the full cost is taxable, reduced by amounts paid or recovered from the employee. en-us Thu, 09 Sep 2010 12:50:26 +0530 Thu, 09 Sep 2010 14:48:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=939 Perquisite valuation for employer provided free or concessional education depends on the employer's relationship to the institution: actual expenditure if not owned by the employer; cost of comparable local education if owned, maintained or patronized by the employer, with ancillary expenses added per child or pro rata. Household members covered include spouse, children, parents, servants and dependants. A specific exemption applies only to employee children when the cost per child does not exceed the rule's threshold; otherwise the full cost is taxable, reduced by amounts paid or recovered from the employee. Articles Income Tax Thu, 09 Sep 2010 12:50:26 +0530 https://www.taxtmi.com/article/detailed?id=939