Perquisites Taxation Archives | H&R Block | Blog

Perquisites Taxation

March 30, 2015

H&R Block – Claiming credit card expenses for official purpose

  Use of credit cards is now very common with businesses for it provides ease in accounting. Employees get credit cards to meet expenses, which may be incurred for official or personal purpose. Taxability of the credit card expenses depends upon nature of these expenses.  […]
March 23, 2015

H&R Block – Taxability of car expenses when the car is hired or owned by the employer

When the car is owned or hired by the employer, taxability on car expenses is different in comparison to the car being owned by an employee. In  this article we will discuss taxability of car expenses when the car is provided by the employer. When […]
December 1, 2014

Employee Car Expenses Taxability When Car Owned by the Employer

When the car is owned or hired by the employer, taxablity on car expenses is different in comparison to the car being owned by a employee. In  this article we will discuss taxability of car expenses when the car provided by the employer. When company […]
November 10, 2014

Taxability of Perquisites – Accommodation Provided by Employer

Furnished or unfurnished house given by employer is taxable as perquisite to employees. Many manufacturing companies build colonies for their employees. Many corporates provide house to managerial level employees. Taxability on house provided by employer depends on the following conditions. Type 1: Rent free, unfurnished […]