<h1>Perquisite valuation rules updated for employer provided accommodation; city categories and percentage rates revised to reduce tax burden.</h1> Amendment to Rule 3 of the Income tax Rules, 1962 revises computation of the perquisite for employer provided rent free or concessional residential accommodation by updating city categorisation to the 2011 census with higher population thresholds, reducing the percentage rates applied to salary for valuation, and providing a rationalised method to compute the perquisite where the same accommodation is occupied across multiple previous years.