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<h1>Salary exemption threshold increased under section 17(2)(vii), raising the exempt limit for specified perquisites effective next fiscal year.</h1> 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.