Valuation of Perquisites for Taxation of Salary Income in Pakistan 2022
Perquisites are benefits (cash or non-cash) that are provided by an employer to an employee associated with the employment in addition to salary or wages such as motor car, rent-free accommodation, utilities, etc. For computation of taxable income, the procedure for valuation of perquisites is described in the Income Tax Ordinance 2001. Section 13 of … Read more