practical tax & investment planning online
international tax expert / colunmist / author / speaker

Perks & Jerks for Employees!

Perquisite Rules Mere ‘Old Wine In New Bottle’ Salaried Get No Relief From Anomalies & Inequities With virtually no reprieve from the tax burden on their pay packages and continuing anomalies and inequities, the new rules for valuation of perquisites announced by the Central Board of Direct Taxes (CBDT) on December 18, 2008 have hugely disappointed millions of salaried employees. The near five and a half month...

Minus FBT Shock Pay Packets Rock!

Conveyance, Telephone, Entertainment & Medical Reimbursements Get Increasing Attention After FBT Abolition! The notorious Fringe Benefit Tax (FBT) having been abolished with effect from 1st April, 2009, employers have started taking a fresh look at restructuring the pay packets of their employees to make them more tax friendly. Conveyance, telephone, entertainment and medical reimbursements paid to employees,...

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