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CAR PERKS TAXATION
Zero income tax on Rs 15 lakh CTC? Here’s how these allowances and perks can cut your tax under new tax regimeSalaried individuals can significantly reduce their tax liability under the new tax regime by strategically utilizing allowances and perqui...- New income tax rules from April 1, 2026: From HRA relief to new ITR deadlines, key changes explainedNew income tax rules: Significant income tax changes are coming from April 1, 2026, with the Income Tax Act of 2025 replacing the 1961 act....
- 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 ...
- Higher income tax for salaried people for using company car: Taxable perquisite value to increase under the draft Income Tax Rule, 2026New draft Income Tax Rules for 2026 significantly increase the taxable value of company-provided motor cars. These changes, affecting both ...
- 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...
- Good news for salaried taxpayers: Limits for these two tax-free perquisites raised substantially in Finance Act, 2025Good news for salaried individuals. The Central Board of Direct Taxes (CBDT) has raised the income limits for tax-free perks. This change i...
- GST 2.0 to offer treatment for other pain points tooGoods and Services Tax (GST) 2.0 is coming soon. It will revamp the indirect tax structure. The GST Council will likely meet in September. ...
- Donald Trump’s tax overhaul gains traction with key win; what you need to know about MAGA accounts, SALT caps, and who really benefitsDonald Trump’s tax bill brings major changes to individual and business taxes, extending 2017 cuts while introducing new ideas like MAGA ac...
- Donald Trump's tax returns released after long fight with CongressTrump had refused to release his returns when he ran for president and had waged a legal battle to keep them secret while he was in the Whi...
- No GST on gifts worth up to Rs 50k from employer: FinminThe finance ministry also said free housing to employees, when it is provided in terms of the contract between the employer and employee an...
- Eight money tips to help young earners plan their financesThe twin behavioural devils of ignorance and procrastination push most people into their 30s before they get down to streamlining their fin...
- Money moving out of EM funds; need to rely on internal factors: SanJeev PrasadPrasad of Kotak Institutional Equities says that most of the reforms the government has planned are already known.
- Budget 2015: Seven tax changes that need to be tackledAs Finance Minister Arun Jaitley readies to present the Budget, there are several demands for changes that he will need to tackle.
- Why India should reward honest, rich taxpayersStudies, including work by Professors Feld and Frey (2002), and Torgler (2003), support the view that rewards lead to higher tax compliance.
- Query Corner: TaxOur expert (Vaibhav Sankla, Executive Director, Adroit) helps you understand the complexities of tax in this weekly column. Email to etquer...
- Fringe benefit tax to hit employees with company carsThe new perquisite rules have been notified and are applicable from April 1, 2009, for the current financial year.
- 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 ...
- FBT shadow hangs over your salary slipGovt to announce norms for FBT that have become taxable in the hands of employees after a change effected in the 2009-10 Budget. Fact sheet...
- Employees will now have to bear the FBT burdenEmployees enjoying perks such as rent-free accommodation, cars, credit cards and club memberships may have to pay tax on these. Budget 2009...
- Perks tweaked in line with FBTThe government has notified revised rules for perquisite valuation in line with its bid to make perks taxable.
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