Section 17 2 Income Tax Act

2 perquisite includes.
Section 17 2 income tax act. Ii the value of any concession in the matter of rent respecting any accommodation provided to the assessee by his employer. 6for the purposes of sections 15 and 16 and of this section 1 salary 7 includes7 i wages. Payments medical expenses made by the employer to the hospitals dispensary clinic nursing home which is approved by the chief commissioner section 17 2 ii b of income tax act in connection with the medical treatment of the employee or any member of his family for treatment of prescribed diseases or ailments shall not be treated as perquisite.
The income tax department never asks for your pin numbers. Ii any annuity or pension. Apportionment of income between spouses governed by portuguese civil code.
All cash allowance is included and hence taxable under section 17 2 of income tax act. Section 17 income tax act 1961 explains salary perquisite and profits in lieu of salary salary perquisite and profits in lieu of salary defined. All cash allowance is included in the ordinary meaning of perquisites.
Chapter iv sections 14 59 of income tax act 1961 deals with provisions related to computation of total income. I the value of rent free accommodation provided to the assessee by his employer. Section 17 2 in the income tax act 1995.
City compensatory allowance bad climate allowance shift allowance and incentive bonus are included as perquisites under section 17 2 of income tax act. 2 nothing contained in sub section 1 shall be construed as precluding an assessee from being charged. Section 17 income tax act 1961 2015 salary perquisite and profits in lieu of salary defined.
The value of rent free accommodation provided to the assessee by his employer sec. These are explained in detail later in this chapter u s 17 2. 1961 income tax department all acts income tax act 1961.