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Valuation of Perquisite - Summery of Changes w.e.f. 18.12.2009
8 hours ago ago from Latest Updates of Income Tax,TDS by PRAVEEN KUMAR
Rule 3 provides valuation of perquisite. Such rules has been substituted vide The Income-Tax (Thirteenth Amendment) Rules, 2009 dated KEY CHANGES 1. Rent free Accommodation : Accommodation provided by Government to an employee serving on deputation 2. ESOP : Computation of Fair Market Value of security allotted under the scheme. 3. Motor Car : Ad-hoc limit has been enhanced. 4. All other valuation rules ...
Related contentYour perks will be taxed
1 day ago ago from Jai Bihar
NEW DELHI Five-and-a-half months after abolishing the fringe benefit tax (FBT) during the Budget announcement, the Central Board of Direct Tax (CBDT) has now issued a notification for taxation of perquisites that replaces the previous FBT rules. The perquisites to be included in the taxable salary include residential accommodation given by the employer, employee stock options (ESOP), travel allowances, salaries of the driver, gardener ...
Related contentA Useful Tip for You Pertaining to Employee Assessment
17 hours ago ago from Kelly Manchester
The current economy means that profit can most effectively be improved by reducing expenses, rather than by generating more income. A simple and often omitted aid to doing so is employee performance management software. Once you know what the specialties of each of your employees are, you can tailor your systems to optimize their effectiveness, and thereby make the most of the company as a whole. Discovering and collating this ...
Related content8 Ways to Overcome Your Fears of Outsourcing
16 hours ago ago from serviceOutsourcing
You've probably heard the stories: Software that does not work. Software that does the wrong thing. Money paid for the establishment of an offshore company produces that never Software. Can these outsourcing nightmares be avoided? Of course. The key is how you manage the outsourcing of your software development. The two biggest fears about outsourcing, I have heard from people who are afraid of selecting an outsourcing provider is ...
Related contentThink of It as Kid Insurance : Uncertain Principles
11 hours ago ago from ScienceBlogs
Last 24 Hrs Life Science Physical Science Environment Humanities Education Politics Medicine Brain & Behavior Technology Information Science Jobs Uncertain Principles Physics, Politics, Pop Culture Latest Posts Archives About RSS Contact Search Profile "Uncertain Principles" features the miscellaneous ramblings of a physicist at a small liberal arts college. Physics, politics, pop culture, and occasional ...
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