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Income Tax Exemption under Section 10(10CC) of Income Tax Act, 1961


Eligible Assessee

Individual employee


Nature of Income

Tax on income derived as perquisite




Amount Exempt

Entire amount of such tax


Conditions laid down for Tax Exemption

  1. The perquisite shall not be provided as monetary payment as referred in section 17(2)

  2. Tax payment can be made by the employer irrespective of any restriction specified u/s 200 of Companies Act.

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