New Perquisite Rules: CBDT Raises Tax Thresholds for Salaried Employees
What’s Changed in Perquisite Taxation? The Central Board of Direct Taxes (CBDT) has made a significant update to the Income Tax Rules 1962 to clear up confusion about how certain employee perks, or “perquisites,” are taxed. These changes, introduced through the Income Tax (Twenty Second Amendment) Rules, 2025, set new monetary thresholds for calculating taxable … Read more