https://www.taxtmi.com/highlights?id=86125 The Income Tax Bill, 2025 introduces substantial reforms to perquisite taxation, establishing a uniform Rs. 7.5 lakh limit for aggregate employer contributions across funds. Key modifications include consolidation of rent-free and concessional accommodation provisions, streamlined treatment of director/employee benefits, and removal of specific monetary thresholds in favor of prescribed amounts. Medical benefit exemptions are retained for employer-maintained and approved hospitals while eliminating previous reimbursement ceilings. The legislation modernizes compliance through simplified valuation guidelines, standardized contribution limits, and integrated explanations within main provisions. Notable structural changes include removal of de..... en-us Fri, 28 Feb 2025 11:53:29 +0530 Fri, 28 Feb 2025 11:53:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=86125 The Income Tax Bill, 2025 introduces substantial reforms to perquisite taxation, establishing a uniform Rs. 7.5 lakh limit for aggregate employer contributions across funds. Key modifications include consolidation of rent-free and concessional accommodation provisions, streamlined treatment of director/employee benefits, and removal of specific monetary thresholds in favor of prescribed amounts. Medical benefit exemptions are retained for employer-maintained and approved hospitals while eliminating previous reimbursement ceilings. The legislation modernizes compliance through simplified valuation guidelines, standardized contribution limits, and integrated explanations within main provisions. Notable structural changes include removal of de..... Highlights Bill Fri, 28 Feb 2025 11:53:29 +0530 https://www.taxtmi.com/highlights?id=86125