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of <h1>New Tax Rule: Medical Benefits Over Rs. 5,000 Annually Taxable from FY 1983-84, Affecting 1984-85 Assessments.</h1> The circular clarifies the valuation of perquisites related to the reimbursement of medical expenses or provision of medical facilities by an employer. Initially, it was stated that such benefits were not to be included in an employee's total income if they did not exceed one month's salary, including Dearness Allowance but excluding other allowances. After receiving several representations, the Central Government revised this, deciding that only amounts exceeding Rs. 5,000 per annum would be taxable. This change applies from the financial year 1983-84, affecting assessments from 1984-85 onwards.
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