https://www.taxtmi.com/news?id=72080 Form No. 123 is the employer-issued statement for reporting the value of perquisites, fringe benefits, amenities and profits in lieu of salary provided to an employee during a financial year. It is issued where salary paid or payable exceeds one lakh and fifty thousand rupees, and it is due by 30 April of the following year. The form captures employer and employee details, valuation of perquisites, tax deducted or paid, and a declaration certifying correctness and completeness. en-us Wed, 01 Apr 2026 18:15:06 +0530 Wed, 01 Apr 2026 18:15:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72080 Form No. 123 is the employer-issued statement for reporting the value of perquisites, fringe benefits, amenities and profits in lieu of salary provided to an employee during a financial year. It is issued where salary paid or payable exceeds one lakh and fifty thousand rupees, and it is due by 30 April of the following year. The form captures employer and employee details, valuation of perquisites, tax deducted or paid, and a declaration certifying correctness and completeness. News - Wed, 01 Apr 2026 18:15:06 +0530 https://www.taxtmi.com/news?id=72080