Perquisites - Club Expenditure - (New) Rule 15(5)(a) / (Old) Rule 3(7)(vi)

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....member of their household Taxable Perquisite  • Corporate membership - Where the employer has obtained corporate membership of the club and the facility is enjoyed by the employee or any member of his household, the value of perquisite shall not include the initial fee paid for acquiring such corporate membership; Exempt Perquisite • Incurred For the Business P....

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.... Situation Tax Treatment Employee using club  Taxable Family member using club Taxable Corporate membership joining fee Not taxable Business meetings at club (proper records) Not taxable Gym/sports facility given to all employees Not taxable Selective benefit to only some employees Taxable Under the Income Tax Act, 1961 [ Upto....

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....es, etc. provided uniformly to all classes of employees by the employer at employer's premises. NOTES: • where the employer has obtained corporate membership of the club and the facility is enjoyed by the employee or any member of his household, the value of perquisite shall not include the initial fee paid for acquiring such corporate membership. • This sub-rule sh....