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TAX FREE PERQUISITES
New tax regime: 7 ways for salaried employees to reduce their tax liability while filing ITR for FY 2025-26Salaried individuals can still reduce their tax liability under the new tax regime for FY 2025-26. Key deductions include employer contribu...- 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 ...
- 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...
- 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...
- This tax-free perquisite value for salaried employee will see a positive change in New Tax Bill 2025Tax free perquisite: Experts say due to a tweak in language of the new tax bill, 2025 now tax free perquisite may include employee commutin...
- 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 ...
- 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...
- 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...
- How to fill the new details required in ITR-1Unlike last year, this year's form requires taxpayers to provide break-up of their salary income like taxable allowances and income from ho...
- Interest-free loan from employer taxable: ITATThe Income Tax Appellate Tribunal has said that valuation of taxable benefit or perquisite has to be computed as per prescribed formula und...
- 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 ...
- Perks lose their charm as taxing times come callingPerquisites are benefits provided to an employee over and above his cash compensation. For a long time, perquisites were an area of tax pla...
- You can go tax-free at your employer's costGood news for salaried taxpayers, in case your employer picks up your tax liability, this perquisite of tax-free salary will not be taxed a...
- Perks tweaked in line with FBTThe government has notified revised rules for perquisite valuation in line with its bid to make perks taxable.
- Govt all set to axe freebies on perksPerks like accommodation, cars, interest on loans, educational facilities & use of laptops may come under scanner.
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