Taxability of Perquisite

List of Perquisite which are taxable under income tax act Taxable for all categories of employee:

1. RFA furnished or unfurnished
   
2. Concession in rent
   
3. Obligation of the employee met by employer
   

• Salary to Gardner / watchman / sweeper or a personal attendant appointed by employer paid by employer
  
• Gas, electricity, water or household consumption if connection is in the name of employer and bills are paid by employer
  
• Education facility to the member of employees household if bill are issued in the name of employer and paid by employer
  

1. Amount payable directly or indirectly to effect an assurance on the life or an annuity (not being RPF etc.)
   
2. Notified fringe benefit
   
3. Interest free or concessional loan
   
4. Use of movable assets by employee or member of his household (other than laptop and computer)
   
5. Transfer of movable assets to employee or member of his household
   
6. Any medical facility to employee or member of his household other than
   
   1. Hospital maintained by the employer
      
   2. Hospital maintained by the Government or any local authority or approved by the Government for medical treatment of Government employee
      
   3. In respect of prescribed diseases or ailments, in any hospital approved by the Chief commissioner
      
   4. Health insurance premium under any scheme of central government (2007-2008 A.Y.)
      

      And bill in the name of employee and paid or reimbursed by employer (in excess of Rs.15000 per A.Y)
      

Taxable for specified employee:

Following are also taxable

• Salary to Gardner / watchman / sweeper or a personal attendant appointed by employer paid by employer
  
• Gas, electricity, water or household consumption if connection is in the name of employer and bills are paid by employer
  
• Education facility to the member of employees household if bill are issued in the name of employer and paid by employer
  
• Any medical facility to the employee or member of his household other than
  

1. Hospital maintained by the employer
   
2. Hospital maintained by the Government or any local authority or approved by the Government for medical treatment of Government employee.
   
3. In respect of prescribed diseases or ailments, in any hospital approved by the Chief commissioner
   
4. Health insurance premium under any scheme of central government (2007-2008 A.Y.)
   

   And bill in the name of employee and paid or reimbursed by employer (in excess of Rs.15000 per A.Y)