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Revised Thresholds for Perquisite Valuation: A Major Relief for Salaried Employees
In August 2025, the CBDT issued Notification No. 133/2025, introducing the Income Tax (22nd Amendment) Rules, 2025. The amendment inserted Rule 3C and Rule 3D, substantially enhancing the exemption limits for perquisites (non-monetary benefits) under Section 17 of the Income-tax Act, 1961. The changes take effect from April 1, 2025.
The amendment takes effect on April 1, 2025.
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