Amcount.com - Perquisites relating to traveling, touring, accommodation, cost of facility to employee, Taxable value of perquisites, leave travel concession

PERQUISITES RELATING TO TRAVELING / TOURING / ACCOMMODATION

If such Service is available Uniformly to all Employees		If such Service is available only to a selected Employee(s)
Cost of such facility to the Employer	XXX	Value at which such facilities are offered by other agencies to the Public	XXX
Less: The Amount recovered from the Employee for such services	XXX	Less: The Amount recovered from the Employee for such services	XXX
Taxable value of perquisite	XXXX	Taxable value of perquisite	XXXX

PLEASE NOTE:

The perquisite value above includes only the benefit given to the employee towards Travelling/ Touring/ Accommodation or any other expenses paid by the employer for any holiday availed by employee/ member of household other than any expenditure covered under Leave Travel Concession.
Where the Employee is on any official tour and the expenses are incurred w.r.t any member of his household accompanying him then the amount of expenditure so incurred shall be taxable as perquisite under this rule.
Even in case if any Official tour is extended as vacation the value of Fringe Benefit will amount to the expenses borne by the employer during such extended period of vacation.