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CAR PERQUISITE
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 ...
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 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...
Planning to buy electric car? What Budget 2023 can offer as income tax benefitsThere is a thrust from the govt to push electric vehicles to the common man. Many auto mobile companies are planning to launch electric veh...
10% TDS on benefits and shares given to directorsAs per the guidelines, TDS is required to be deducted even where benefits or perquisites may be used by owner, director, employee of the re...
- Choose perks carefully to minimise tax impact
Indian and MNCs offer a variety of perks to retain talent. But one should opt for a perk based on its tax efficiency. Revised DTC: Changes ...
- Perquisite valuation rules leave everyone in a tizzy
Perquisites are non-cash benefits and certain reimbursements received from the employer.
- Query Corner: Tax
Our expert helps you understand the complexities of tax in this weekly column.
- Fringe benefit tax to hit employees with company cars
The 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 return
Perks such as cars, rent-free accommodation, stock option plan, etc have become taxable in the hands of employees now. Final worth of your ...
- Perks lose their charm as taxing times come calling
Perquisites are benefits provided to an employee over and above his cash compensation. For a long time, perquisites were an area of tax pla...
- Perks tweaked in line with FBT
The government has notified revised rules for perquisite valuation in line with its bid to make perks taxable.
- Govt all set to axe freebies on perks
Perks like accommodation, cars, interest on loans, educational facilities & use of laptops may come under scanner.