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PERQUISITE TAX RELIEF
Rs 15 lakh, Rs 20 lakh or Rs 25 lakh CTC? Check your exact TDS under new vs old tax regime for Tax Year 2026-27Understanding Tax Deducted at Source (TDS) on your salary is crucial. Employers calculate your annual tax liability based on declared incom...- 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 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...
- 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...
- Five important changes in Income Tax Act and procedures in 2025 that will impact your future taxationNew income tax rules for 2025 bring welcome changes. Salaried individuals earning up to Rs 12.75 lakh will pay no tax. TDS thresholds for r...
- 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 ...
- Employees of only 3,604 start-ups are eligible for tax relief on ESOPs: Will Budget 2025 extend this relief to all start-ups, unlisted companies?ESOP taxation rule in Budget 2025: The Budget 2020 has amended the taxation rules for ESOPs which provided tax relief to employees. However...
- ESOP taxation relief in Budget 2024: Govt may consider deferring tax to point of saleAs per present Income-tax provisions, taxability of ESOPs occurs at two stages. Firstly, at the time of allotment of shares and thereafter,...
- Budget 2024: Relief on buying EV, HRA rationalisation, higher tax deduction on health insurance premium and more, what to expectBudget 2024: Earlier this year, while presenting the Interim Budget 2024-25, Finance Minister Nirmala Sitharaman did not propose any change...
- Income tax department notifies rules for valuing rent-free accommodation provided by employersThe Indian Central Board of Direct Taxes (CBDT) has introduced revisions to income tax rules impacting individuals who receive rent-free ac...
- Budget 2022 proposes to notify income tax reliefs for CovidBudget 2022 has clarified that money received by individuals either as one-time ex-gratia from an employer or for treatment of covid-19 wil...
- Tax on allotment of start-up ESOPs removed by Budget 2020This is good news for employees of start-ups having ESOPs. Currently, the taxation of ESOPs is split into two components - (i) at the time ...
- 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 ...
- Waiting for the new tax codeLet us now wait for the tax code — with hopes for a less taxing life.
- Govt may soften FBT blow for salaried classThe burden of paying fringe benefit tax will be moved from the employers' shoulders to the employees', as envisaged in Budget 2009. Free: F...
- Budget proposals may push cos to restructure salaries: ExpertsThe removal of the Fringe Benefit Tax proposed in the Budget is being regarded as a welcome move for companies and may also provide them sc...
- Tax watch: Your effective take-home salary may increaseYour effective take-home salary could increase going forward if one were to go by the recent decision of the Special Bench of the Delhi Tri...
- Bonanza for salariedYour effective take-home salary could increase going forward if one were to go by the recent decision of the Special Bench of the Delhi Tri...
- Net-of-tax salary for expatriates in IndiaIn a recent decision, the special bench of the Delhi Income-Tax Appellate Tribunal has ruled that tax paid by the employer on behalf of the...
- Oilcos to bear housing perk taxIOC, HPCL and BPCL have decided to absorb the housing tax on behalf of their staff for company accommodation.
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