Perquisite Summary
The Perquisite Summary report provides an employee-wise summary of taxable perquisites for a selected fiscal year. It helps you review perquisite values calculated as per applicable tax rules, recoveries made from employees (if any), and the final perquisite amount chargeable to tax.
Access Perquisite Summary
To access the Perquisite Summary report:
- Click Reports on the left sidebar.
- Under Report Category, click Employee Reports and select Perquisite Summary.
INSIGHT: You can also search for Perquisite Summary using the search bar at the top and navigate directly to the report.
- Use the Fiscal Year dropdown at the top to select the year you want to analyze.
The perquisite details for the selected fiscal year will be displayed in a tabular format for each employee.
Components of Perquisite Summary
The following table explains the components displayed in the Perquisite Summary report:
| Component | Description |
|---|---|
| Employee ID | Unique identifier assigned to the employee. |
| Employee Name | Name of the employee. |
| Value of Perquisite as Per Rules | Value of the perquisite calculated according to applicable income tax rules. |
| Amount Recovered From the Employee, if any | Amount recovered from the employee towards the perquisite value, if applicable. |
| Paid Amount | Actual perquisite amount provided to the employee during the fiscal year. |
| Amount of Perquisite Chargeable to Tax | Taxable perquisite amount after adjusting recoveries, as considered for income tax calculation. |
Export Perquisite Summary
To export the report:
- Click Reports on the left sidebar.
- Under Report Category, click Employee Reports and select Perquisite Summary.
- Click Export as at the top right.
- Choose the required export format: CSV, XLS, XLSX, or Zoho Sheet.
- To protect the exported file, enable Protect this file with a password and enter a password with at least six characters.
- Click Export.