Ashwin Co. Ltd. contributed 15% of the salary of the employee Virat towards the recognized provident fund. Amount liable to tax as perquisite in the hands of Virat would be of contribution.

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Question:Ashwin Co. Ltd. contributed 15% of the salary of the employee Virat towards the recognized provident fund. Amount liable to tax as perquisite in the hands of Virat would be of contribution.

1.5%

2. 396

3.Nil

4.Any sum exceeding ₹ 1,50,000

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  1. Ashwin Co. Ltd. contributed 15% of the salary of the employee Virat towards the recognized provident fund. Amount liable to tax as perquisite in the hands of Virat would be of contribution.
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