https://www.taxtmi.com/news?id=72077 Form No. 123 is the employer-issued statement of perquisites, fringe benefits or amenities, and profits in lieu of salary for an employee, replacing the earlier Form 12BA. It certifies valuation of monetary and non-monetary perquisites for income-tax return purposes and is generally required where salary exceeds the prescribed threshold. The form contains Part A with employer and employee particulars and Part B with perquisite-wise valuation and salary tax details, including tax deducted at source and remittance particulars. en-us Wed, 01 Apr 2026 18:06:10 +0530 Wed, 01 Apr 2026 18:06:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72077 Form No. 123 is the employer-issued statement of perquisites, fringe benefits or amenities, and profits in lieu of salary for an employee, replacing the earlier Form 12BA. It certifies valuation of monetary and non-monetary perquisites for income-tax return purposes and is generally required where salary exceeds the prescribed threshold. The form contains Part A with employer and employee particulars and Part B with perquisite-wise valuation and salary tax details, including tax deducted at source and remittance particulars. News - Wed, 01 Apr 2026 18:06:10 +0530 https://www.taxtmi.com/news?id=72077