The value of perquisites forms part of:
Agross salary
Bcapital gains
Cincome from other sources
Dbusiness income
Answer & Solution
Correct answer: A. gross salary
Perquisite value is part of gross salary.
Related questions
Tax deducted by the employer on salary is governed by the TDS provision in Section:Advance salary received by an employee is taxable:Income from salary is computed after allowing deductions specified under Section:The value of a motor car provided by an employer for the employee's personal use is taxed Allowances that are fully exempt from tax in the hands of the employee are an exception toArrears of salary received are taxable in the year of receipt, with relief available underA deduction under Section 16 is allowed from:Salary foregone by an employee is: