Salary exemption threshold increased under section 17(2)(vii), raising the exempt limit for specified perquisites effective next fiscal year. The amendment substitutes the existing monetary limit in the clause addressing valuation/exemption of specified perquisites with a higher fixed amount, thereby increasing the exemption threshold for those perquisites; the substitution becomes operative from the commencement of the specified fiscal year and does not change other qualifying conditions.
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Provisions expressly mentioned in the judgment/order text.
Salary exemption threshold increased under section 17(2)(vii), raising the exempt limit for specified perquisites effective next fiscal year.
The amendment substitutes the existing monetary limit in the clause addressing valuation/exemption of specified perquisites with a higher fixed amount, thereby increasing the exemption threshold for those perquisites; the substitution becomes operative from the commencement of the specified fiscal year and does not change other qualifying conditions.
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