Tax on perquisite paid by the employer - (New) Section 35(a)(ii) / (Old) Section 40(a)(v)
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.... paid by the employer Under section 35(a)(ii) of the Income Tax Act, 2025 [ From 01.04.2026 ] Any tax on income is not allowed as a business deduction. Because income tax is an application ....
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....ncome Tax Act, 2025 [ Upto 31.03.2026 ] The provisions of section 40(a)(v) are given below - • The employer provides non-monetary perquisites to employees. • Tax on ....


TaxTMI
TaxTMI