Ashwin Co. Ltd contributed 15% of the salary of the employee Virat towards recognized provident fund. The amount liable to tax as perquisite in the hands of Virat would be __________ of contribution.
CS Executive · Tax Laws and Practice · PYQS · June 2017
Ashwin Co. Ltd contributed 15% of the salary of the employee Virat towards recognized provident fund. The amount liable to tax as perquisite in the hands of Virat would be __________ of contribution.
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax
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