Section 17 Amendments: Higher Income Limits for Perquisite Exemptions from 2026

Last updated: 03 February 2025

Increase in the limits on the income of the employees for the purpose of calculating perquisites The existing provisions of clause (2) of section 17 provide, inter-alia, that perquisite includesthe value of any benefit or amenity granted or provided free of cost or at concessional rate by any emplo
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