06-09-2010, 10:02 PM
(39) Any special allowance or benefit (not being entertainment or conveyance allowance) or other perquisite within the meaning of section 12 specially granted to meet expenses wholly and necessarily incurred in the performance of the duties of an office or employment of profit.
(40) Any income of a newspaper employee representing Local Travelling Allowance paid in accordance with the decision of the Third Wage Board for Newspaper Employees constituted under the Newspaper Employees (Conditions of Service) Act, 1973, published in Part II of the Gazette of Pakistan, Extraordinary, dated the 28th June, 1980.
(53A) The following perquisites received by an employee by virtue of his employment, namely-
(i) free or concessional passage provided by transporters including airlines to its employees (including the
members of their household and dependents);
(ii) free or subsidized food provided by hotels and restaurants to its employees during duty hours;
(iii) free or subsidized education provided by an educational institution to the children of its employees;
(iv) free or subsidized medical treatment provided by a hospital or a clinic to its employees; and
(v) any other perquisite or benefit for which the employer does not have to bear any marginal cost, as notified by the Central Board of Revenue.
(40) Any income of a newspaper employee representing Local Travelling Allowance paid in accordance with the decision of the Third Wage Board for Newspaper Employees constituted under the Newspaper Employees (Conditions of Service) Act, 1973, published in Part II of the Gazette of Pakistan, Extraordinary, dated the 28th June, 1980.
(53A) The following perquisites received by an employee by virtue of his employment, namely-
(i) free or concessional passage provided by transporters including airlines to its employees (including the
members of their household and dependents);
(ii) free or subsidized food provided by hotels and restaurants to its employees during duty hours;
(iii) free or subsidized education provided by an educational institution to the children of its employees;
(iv) free or subsidized medical treatment provided by a hospital or a clinic to its employees; and
(v) any other perquisite or benefit for which the employer does not have to bear any marginal cost, as notified by the Central Board of Revenue.
