SOCIO ECONOMIC WELFARE MEASURES - Increase in the limits on the income of the employees for the purpose of calculating perquisites

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..... culating perquisites The existing provisions of clause (2) of section 17 provide, inter-alia, that 'perquisite' includes the value of any benefit or amenity granted or provided free of cost or at concessional rate by any employer (including a company) to an employee whose income under the head "Salaries" as a monetary benefit does not exceed fifty thousand rupees. This upper limit on i .....

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..... ion 17 may be amended so that the power to prescribe rules may be obtained to increase the limit on the gross total income of the employees so that,- (I) the amenities and benefits received by such employees would be exempt from being treated as perquisites. (II) the expenditure incurred by the employer for travel outside India on the medical treatment of such employee or his family member wou .....

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