Laws / Income Tax Law / 2(45)
2(45) - perquisite
2(45) "perquisite" means-
(i) any payment made to an employee by an employer in the form of cash or in any other form excluding basic salary, festival bonus, incentive bonus not exceeding 10% (ten percent) of disclosed profit of relevant income year, arrear salary, advance salary, leave encashment or leav...
Premium content
You are viewing a preview. Upgrade your subscription to read the full article.
View plans