Searched for
TAXABLE PERQUISITE VALUE
Foreign investments in your portfolio? Follow this ITR checklist to avoid tax scrutinyResident and Ordinarily Resident (ROR) taxpayers with foreign assets or income must carefully disclose overseas investments, dividends and ...- 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...
- 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...
- 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 ...
- 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...
- 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,...
- No tax exemption on concessional or interest free loan from the employer, not even for bank employees, says SCTax on concessional interest rate loan: The Supreme Court of India has stated that bank employees have to have income tax if they have avai...
- Rent free house salary perk will be taxed differently from Sept 1: New CBDT rulesThe new rules are notified by the Central Board of Direct Taxes (CBDT) on August 18, 2023 and became effective from September 1, 2023. The ...
- Dubai-based executive ordered to pay ESOP-tax in IndiaIn a recent order, the ITAT bench, comprising Pramod Kumar, vice-president, and Saktijit Dey, judicial member, rejected the contention of t...
- 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...
- You can’t be taxed for security deposit on flat paid by firmITAT has held that the notional interest on the security deposit paid by an employer to the landlord can't be added to the taxable income o...
- Taxability of ESOPs depends on Assessee's residential statusCompanies view ESOPs as employee retention tools, serving the dual objective of rewarding employees for performance and loyalty and creatin...
- Taxability of Esops for globe trotting staff not clearOur expert Vikas Vasal, Executive Director, KPMG offers tips on various tax-related issues.
- Choose perks carefully to minimise tax impactIndian 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 ...
- Perk rules mandate cos to deduct tax on ESOPsESOPs have been popular primarily in the knowledge-based industries like IT, biotechnology, etc. However, in the past, they have gained pro...
Load More
