Perquisite valuation and reporting: revised Form 12BA, Form 16 Part B and Annexure II strengthen employer disclosure obligations. The notification substitutes Form No.12BA and revises Part B of Form No.16 and Annexure II of Form No.24Q to require employers to itemize and value perquisites and profits in lieu of salary, report amounts recovered, compute perquisites chargeable to tax, declare director/substantial interest status, and provide employer certification that entries are true. The revised formats align gross salary components, exemptions under section 10, deductions under section 16, Chapter VI-A deductions, taxable income and tax liability reporting, and require disclosure of tax deducted and tax paid on behalf of the employee.