CIL TO PAY INCOME TAX ON HOUSE ACCOMMODATION

CIL has communicated to its Subsidiary companies that the Income Tax payable on accommodtion provided to its employees will be borne by the CIL and its subsidiay companies. For this purpose the companies will calculate Income Tax of its employees with and without housing perquisites. The difference of Income Tax in both the calculations will be paid by the CIL and its subsidiary companies. This has reference to CIL letter No.CIL/DF/115/65 dated25.6.2008.