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MOTOR CAR PERQUISITE
Salary hike this appraisal season? New labour codes and tax rules may change your real take-home payAppraisal season this year saw companies begin aligning salary structures with new labour codes and updated income tax rules. While some fi...- 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...
- 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...
- 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 ...
- 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 ...
- Draft Income Tax Rules raises threshold for quoting PAN for cash deposits, car purchase, othersDraft Income Tax Rules propose significant increases in PAN quoting thresholds for various transactions, including cash deposits, vehicle p...
- 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...
- Have a CTC of over Rs 17 lakh? You can still pay zero tax just by rejigging your salary structure: Here's howSalary structure to pay zero tax: If your taxable income is more than Rs 12 lakh, there are ways that you can still pay zero tax. This can ...
- Income tax: How can you save Rs 1.23 lakh tax with car lease finance as part of your salary?As your salary grows the avenues of saving income tax shrinks. However, car lease finance is an option that works better with higher salary...
- 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...
- How to fill salary details in ITR1 for FY 2017-18Not all of the amount received as salary is fully taxable. A part of it will be fully exempt from tax and a part of it will be partially ex...
- Perquisite valuation rules leave everyone in a tizzyPerquisites are non-cash benefits and certain reimbursements received from the employer.
- 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.
- 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 | ...
- How does FBT abolition impact you?While, this is good news for employers, employees would now be liable to pay income-tax on such benefits as perquisites. Where to save tax ...
- New perk norms a relief for 2-wheeler ownersTHIS should come as good news for two-wheeler owners. It has less to do with new models flooding the market, but relates more to the tax as...
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