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PERQUISITES VALUATION
Old vs new tax regime: Key differences that you must know before ITR filing for tax year 2026-27The new tax regime offers lower rates but removes many deductions, making a thorough comparison with the old regime crucial. While both reg...- Used meal card benefits? Form 12BA deadline alert: Why salaried employees must collect it by April 30 for filing ITR for AY 2026-27Salaried employees need to collect Form 123 from employers by April 30, 2026. This form details perquisites like meal card benefits. It is ...
- Meal vouchers at Rs 200 per meal: Who gets income tax benefit and how the ‘working hours’ rule appliesThe increase in the tax-exempt limit for employer-provided meals to ₹200 per meal under Rule 15 of the Income-Tax Rules, 2026 marks a signi...
- Meal card tax benefit: Do you get it under the new tax regime?New Income-Tax Rules have clarified meal voucher benefits. The tax-free limit for employer-provided meal vouchers has increased to Rs 200 p...
- Using company car for personal use? Income Tax Rules 2026 may increase your tax; here’s howNew Income Tax Rules 2026 will increase income tax for employees using company cars for personal reasons. The valuation of this perk has be...
- New I-T Act framework notified; taxpayer relief with stricter compliance from April 1New Income Tax Act rules are now in effect from April 1. These rules offer relief to taxpayers with increased house rent allowance limits i...
- New Income Tax rules, 2026 notified: From HRA to company car to meal card, top six prominent changes which will impact salaried taxpayersThe Income Tax Rules, 2026 have been notified, introducing significant changes for salaried taxpayers. Key updates include revised motor ca...
- Higher HRA, bigger tax-free perks: How draft Income-Tax Rules 2026 could boost your take-home payBudget 2026 introduces significant perquisite rule changes, lowering taxable housing valuations and increasing tax-free limits for educatio...
- Company car perk gets costlier: Draft Income Tax Rules 2026 could add Rs 4,352 to your tax bill over car perks on Rs 15 lakh salarySalaried employees face increased income tax under draft Income Tax Rules, 2026, due to changes in company car perk valuation. Those using ...
- Bring EVs and hybrid vehicles under car perquisite valuation framework in Budget 2026: ExpertsThe current car perquisite policy under the Income Tax Act, 1961, offers tax benefits for combustion engine cars but lacks clarity for elec...
- Rent free house salary perk will be taxed differently from Sept 1: New CBDT rulesThe new rules are notified by the Central Board of Direct Taxes (CBDT) on August 18, 2023 and became effective from September 1, 2023. The ...
- Interest-free loan from employer taxable: ITATThe Income Tax Appellate Tribunal has said that valuation of taxable benefit or perquisite has to be computed as per prescribed formula und...
- Taxability of ESOPs depends on Assessee's residential statusCompanies view ESOPs as employee retention tools, serving the dual objective of rewarding employees for performance and loyalty and creatin...
- Perquisite valuation rules leave everyone in a tizzyPerquisites are non-cash benefits and certain reimbursements received from the employer.
- Query Corner: TaxOur expert helps you understand the complexities of tax in this weekly column.
- Perks to burn bigger hole as pre-FBT norms returnPerks such as cars, rent-free accommodation, stock option plan, etc have become taxable in the hands of employees now. Final worth of your ...
- Tax on perks to be effective from April 2009Salaried employees may burn a hole in their pockets with govt all set to impose tax on all perks. Tax deduction on HRA received by staff | ...
- Final burden of FBT on employeesThe government on Thursday said that if the fringe benefit tax (FBT) does not cover employers - mainly, sole proprietorships and self-emplo...
- Perks tweaked in line with FBTThe government has notified revised rules for perquisite valuation in line with its bid to make perks taxable.
- Govt all set to axe freebies on perksPerks like accommodation, cars, interest on loans, educational facilities & use of laptops may come under scanner.
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