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Valuation of perquisites2507879/4/2023 6:32:55 AMthe accommodation at the other place, the value of perquisite shall not exceeding ninety days and thereafter the value of perquisite shall be charged for both such accommodations 20497https://www.incometaxindia.gov.in/Rules/Income-Tax RuleshtmlFalsehtmRuleIncome-tax Rules|17|f5d01c93-5528-4be1-b341-5dc3e9647425893a70a4758-4931-403d-8a28-e1255b78386dhttps://www.incometaxindia.gov.in3Car Club facilities Credit card facility Domestic servant Education Free food, etc. Gas/electricity Gifts Holiday tour Interest free loans Motor-car allowance Movable assets Perquisite Residential accommodation Salary Sweeper/Gardener Transport facility
TPI Series 36 - Valuation of Perquisites188306/27/2018 12:56:11 PMOF CONTENTS Sr. No. Particular Page No. 1. Perquisites 1 2. Taxation of Perquisites 3 3. Valuation of Perquisite 7 4. Value of certain other fringe benefits 17 5. Definition 97494https://www.incometaxindia.gov.in/Booklets Pamphlets/Forms/AllItems.aspxpdfFalsepdfBooklete1af5c4d-1048-48d7-8520-64eb07daf07157a70a4758-4931-403d-8a28-e1255b78386dhttps://www.incometaxindia.gov.in
Statement showing particulars of perquisites, other fringe benefits or amenities and profits in lieu of salary with value thereof1100413/15/2021 9:58:17 AMS. No. Nature of perquisites (see rule 3) Value of perquisite as per rules (Rs Amount of perquisite chargeable to tax Col. (3) - Col. (4) (Rs Total value of perquisites 22 12000https://www.incometaxindia.gov.in/Forms/Income-Tax RulespdfFalsepdfFormIncome-tax Rules|192|12BA9cb610e6-fe06-4f0f-a1f8-6be8abb7512c138a70a4758-4931-403d-8a28-e1255b78386dhttps://www.incometaxindia.gov.in
Taxability of perquisite in the form of rent-free accommodation or accommodation provided at a concessional rate800469When an employer provides residential accommodation free of cost or at a reduced rate to their employees, the value of this benefit is considered taxable as a perquisite in the hands of the employee. This benefit provided by an employer is taxable irrespective of whether the residential house is owned by the employer or it is taken on rent.6/1/2023 6:21:13 AMat a reduced rate to their employees, the value of this benefit is considered taxable as a perquisite in the hands of the employee How to calculate the value of perquisite https://www.incometaxindia.gov.in/Tutorials/Forms/AllItems.aspxpdfFalsepdfTutorial|17|2023-12-30T18:30:00.0000000Z|Income from Salary|903058ee-bf1e-4514-bbd4-e628472da78b201a70a4758-4931-403d-8a28-e1255b78386dhttps://www.incometaxindia.gov.in
Statement showing particulars of perquisites, other fringe benefits or amenities and profits in lieu of salary with value thereof5775431/4/2020 7:59:58 AMhttps://www.incometaxindia.gov.in/Supporting Files/103120000000007839/FillabletxFalsetxForm7bc53324-6e6a-4b3c-a0e5-ec079ec9d3c62743a70a4758-4931-403d-8a28-e1255b78386dhttps://www.incometaxindia.gov.in
RULES FOR DETERMINING THE VALUE OF ASSETS4170415/18/2023 10:26:37 AMafter the 31st day of March, 1974, if the value so arrived at is lower than the cost of proviso shall not apply for determining the value of one house belonging to the assessee 7589https://www.incometaxindia.gov.in/Acts/Wealth-Tax Act, 1957htmlFalsehtmActWealth-Tax Act, 1957Schedule IIIEMPTYEMPTY13896cd1-2b32-4ec2-8593-d8603ef8120d32709a70a4758-4931-403d-8a28-e1255b78386dhttps://www.incometaxindia.gov.in
Taxability of perquisite in the form of concessional or interest-free loan800468An assessee can apply to the Assessing Officer to issue a nil or lower TDS certificate. Such certificate is issued if the estimated tax liability of the assessee justifies no deduction of tax or deduction of tax at a lower rate.3/31/2023 11:05:55 AMThese loans are generally free or Thus, to avoid any discrimination, the value of such interest-free loans or concessional loans is taxable as perquisite in the hands of employees https://www.incometaxindia.gov.in/Tutorials/Forms/AllItems.aspxpdfFalsepdfTutorial|197|2023-12-30T18:30:00.0000000Z|Income from Salary|903058ee-bf1e-4514-bbd4-e628472da78b199a70a4758-4931-403d-8a28-e1255b78386dhttps://www.incometaxindia.gov.in
Taxation of Employee Stock Option Plan (ESOP)800463 When an employer offers securities to an employee under an Employee Stock Option Plan (ESOP) scheme, free of cost or at a concessional rate, it is taxable as a perquisite in the year in which the securities have been allotted to the employee.3/22/2023 6:37:18 AMto be deferred in case of an employee of an eligible start-up. The value of the perquisite shall be its market value as on the date of exercising the ESOP on that date on the stock https://www.incometaxindia.gov.in/Tutorials/Forms/AllItems.aspxpdfFalsepdfTutorial|17|2023-12-30T18:30:00.0000000Z|Income from Salary|TDS/TCS|903058ee-bf1e-4514-bbd4-e628472da78b191a70a4758-4931-403d-8a28-e1255b78386dhttps://www.incometaxindia.gov.in
“Salary”, “perquisite” and “profits in lieu of salary” defined5806197/2/2022 2:29:25 AM(vi)  the annual accretion to the 77( i)  the value of rent-free accommodation provided to the assessee by his employer (d)  value of the perquisites specified in this clause 3https://www.incometaxindia.gov.in/Acts/Income-tax Act, 1961/2009htmlFalsehtmActIncome-tax Act, 196117Chapter IVCOMPUTATION OF TOTAL INCOME200913896cd1-2b32-4ec2-8593-d8603ef8120d424a70a4758-4931-403d-8a28-e1255b78386dhttps://www.incometaxindia.gov.in
Form for furnishing details of income under section 192(2) for the year ending 31st March,11017512/19/2019 6:34:25 AMand 6 Rent, if any, paid by the employee Value of perquisite (column 3 minus column 8 or column 7 72365https://www.incometaxindia.gov.in/Forms/Income-Tax RulespdfFalsepdfFormIncome-tax Rules|192|12B9cb610e6-fe06-4f0f-a1f8-6be8abb7512c137a70a4758-4931-403d-8a28-e1255b78386dhttps://www.incometaxindia.gov.in