Perquisites - Use of Moveable Assets - (New) Rule 15(5)(a) / (Old) Rule 3(7)(vii)

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....f Employer Movable Assets [ Rule 15(5)(a) of the Income Tax Rule, 2026 ] If an employer allows an employee (or their family) to use a movable asset owned or hired by the employer, Then the emp....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....bile phones. Under Income Tax Act, 1961 [ Upto 31.03.2026 ] Use of Employer Movable Assets [ Rule 3(7)(vii) of the Income Tax Rule, 1962 ] Taxable Value shall be 10% p.a. of the act....