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PERQUISITE BENEFITS
Mukesh Ambani draws zero salary again: India's richest man forgoes paycheck for 6th straight yearReliance Industries Chairman Mukesh Ambani did not take any salary in FY26, continuing a six-year trend. Reliance reported strong annual re...
Mukesh Ambani forgoes salary for sixth straight year as Reliance clocks record profitReliance Industries achieved significant overseas financing milestones in FY26, securing the largest Samurai loan by an Indian company. Cha...
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...
RSU vs ESOP: Which is better for you as employee? Pros and cons explainedFrom vesting-day perquisite taxes to a 40% US estate levy that most Indian professionals never see coming, your employer’s stock is not the...
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 ...
ITR filing 2026: How to claim meal card tax benefit before July 31, rules explained
Meal card reporting when filing ITR: How to do it correctly and claim tax benefits under both the old and new tax regimesSalaried employees can now claim meal card tax benefits under both old and new tax regimes from Tax Year 2026-27. For AY 2026-27, the benef...
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...
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...
Big change in this tax free perquisite of a salaried employee in Budget 2025Budget 2025: Now more employees are eligible for tax free perquisite for any expenditure incurred by the employer for travel outside India ...
Finance Ministry to clarify doubts on applicability of TDS on perks received in business, professionThe Budget brought in a new section, 194R in the I-T Act which requires deduction of tax at source at the rate of 10 per cent, by any perso...
- 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 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.