Mr. H has been provided with a servant by his employer whose salary is ₹5,000 p.m. Mr. H is not a specified employee. The amount taxable for the perquisite in the hands of Mr. H is:

CS Executive · Tax Laws · PYQS · December 2023
Mr. H has been provided with a servant by his employer whose salary is ₹5,000 p.m. Mr. H is not a specified employee. The amount taxable for the perquisite in the hands of Mr. H is:
(A) ₹30,000
(B) ₹60,000
(C) ₹45,000
(D) Nil

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act, 1961

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