WHAT IS INCLUDED IN FRINGE BENEFITS



Posted on 06-05-2016        By ADMIN



WHAT IS INCLUDED IN FRINGE BENEFITS :-

 Fringe benefits have been defined as including any consideration for employment provided by way of 

a) any privilege, service, facility or amenity provided by an employer directly or indirectly including reimbursements.

b) any free or concessional ticket provided by the employer for private journeys of his employees or their family members.

 c) any contribution by the employer to an approved superannuation fund for employees.

 d) any specified security or sweat equity shares allotted/ transferred, directly or indirectly by the employers free of cost or at concessional rate to his employees.  The detailed provisions in respect of this are included in Chapter XII H of the I.T. Act. 



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