Perks Exempted for all Employees
Channel: DR. USHA CHAHAL
Date: 2020-08-03

Perks are chargeable to tax under the head salary u/s 17(2) if these are received by an employee from his/her present, past or prospective employer. Perquisites can be given voluntarily or under  a contractual obligation. These may be given to employees either in lump sum or monthly. It would be chargeable to tax even if the employee’s family is getting benefit. 
Exempted perks is not a part of salary, so these perks are exempt from tax.