
Gift Below Rs.5,000 On Ceremonial Occasion
Treated As Tax Free Perk Under I.T. Rules
“If you give what can be taken, you are not really giving,” quoted the noted Sufi author Idries. Trying to think of giving something to your employees during the coming festive season, out of which even the Taxman cannot take anything? Here is a smart idea!
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. (more…)