Individual Income Tax

Employment Income

Discuss on the chargeability to income tax on the payments/ benefits received by an employee: a. Inducement Payments? b. Payment to an employee by a person other than the employer (eg tips)? c. Personal gifts? d. Voluntary payments incidental to an employment? e. Retirement gratuity? f. Long service awards? g. Past achievement/service excellence awards? h. Share Incentives and Share Option Schemes? i. A credit card? j. A club subscription? k. A special training course in enhancing the employee's skills? 1. A loan provided to an employee? m. A life insurance policy on the life of an employee? n. Travelling costs and freight expenses in relocating an employee? 0. Schooling provided for the children of an employee? p. Scholarship or other similar grant or allowance to employee? g. Remuneration paid to an employee during a period of study leave? r. Tax Borne by Employers? s. Travelling allowance, petrol cards, petrol allowance or toll payment? t. Child care allowances? Parking, meal allowance, traditional medicine, maternity expenses? v Subscription broadband, fixed line telephone, mobile phone, pager