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of <h1>Income-Tax Amendment 2009: Rule 3 Updated for Perquisite Valuation; Rule 40F Limits Applicability After April 1, 2010</h1> The Income-tax (Thirteenth Amendment) Rules, 2009, effective from April 1, 2009, substitute Rule 3 and introduce Rule 40F in the Income-tax Rules, 1962. Rule 3 outlines the valuation of perquisites for computing taxable income under salaries. It details the valuation of employer-provided accommodations, motor car usage, and other benefits such as utilities, educational facilities, and loans. Rule 40F specifies that these provisions do not apply to assessments from April 1, 2010, onwards. The amendment emphasizes accurate perquisite valuation to ensure proper tax computation for employees.
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