![]() Rent free accommodation given by employer to employee shall be treated as perquisites in hands of employee and income tax would be levied in the manner specified below:-Ĭalculation of perquisite value, is given hereunder: Accommodation provided by:. 2,00,000Ĭost of stay aboard of the employee or any member of the family for medical treatment and cost of stay of one attendant who accompanies the patient in connection with such treatmentĮxpenditure shall be excluded from the perquisites only to the extent permitted by RBI. Medical treatment of employee or any member of family of such employee outside IndiaĮxpenditure shall be excluded from perquisites only to the extent permitted by RBI.Ĭost of travel of the employee or any member of his family or any one attendant who accompanies the patient in connection with treatment outside IndiaĮxpenditure shall be excluded from perquisites only in the case of an employee whose gross total income as computed before including therein the expenditure on travelling does not exceed Rs. Note: Fixed medical allowance given by employer to employee is fully chargeable to tax.Įxpenditure incurred by the employer on medical treatment of employee is taxable subject to the conditions given below:- Perquisites not chargeable to tax 15000 per assessment year (This exemption is not applicable from A.Y 2019-20) Medical insurance premium paid or reimbursed by employer Not chargeable to tax with no monetary cellingįor treatment of prescribed diseases given in Rule 3A(2) © 2022 StoneX Group Inc.Treatment of medical facility provided by the employer to employee is as follows: No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of StoneX Group Inc. You are advised to perform an independent investigation of any transaction to determine whether any transaction is suitable for you. ![]() ![]() It does not take into account your particular investment objectives, financial situation or needs and does not create a binding obligation on any of the StoneX group of companies to enter into any transaction with you. The information herein is not a recommendation to trade nor investment research or an offer to buy or sell any derivative or security. Trading swaps and over-the-counter derivatives, exchange-traded derivatives and options and securities involves substantial risk and is not suitable for all investors. References to exchange-traded futures and options are made on behalf of the FCM Division of SFI. References to securities trading are made on behalf of the BD Division of SFI and are intended only for an audience of institutional clients as defined by FINRA Rule 4512(c). Securities and Exchange Commission (“SEC”) as a Broker-Dealer and with the CFTC as a Futures Commission Merchant and Commodity Trading Adviser. SFI does business as Daniels Trading/Top Third/Futures Online. (“SFI”) is a member of FINRA/NFA/SIPC and registered with the MSRB. SXM’s products are designed only for individuals or firms who qualify under CFTC rules as an ‘Eligible Contract Participant’ (“ECP”) and who have been accepted as customers of SXM. Commodity Futures Trading Commission (“CFTC”) as a swap dealer. References to over-the-counter (“OTC”) products or swaps are made on behalf of StoneX Markets LLC (“SXM”), a member of the National Futures Association (“NFA”) and provisionally registered with the U.S. group of companies provides financial services worldwide through its subsidiaries, including physical commodities, securities, exchange-traded and over-the-counter derivatives, risk management, global payments and foreign exchange products in accordance with applicable law in the jurisdictions where services are provided.
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