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of <h1>Section 17 narrows taxable employer perquisites, clarifies exclusions, delegates valuation rules and hospital approval guidelines</h1> Section 17 defines employer-provided benefits treated as taxable perquisites-rent-free or concessional accommodation, specified amenities, discounted securities or sweat equity, employer-paid obligations and certain insurance and excess retirement contributions-while excluding specified employer-provided medical treatment, approved health insurance premiums, commuting vehicle costs and limited foreign medical/travel expenses subject to conditions. The enacted Act narrows clause (c)(ii) to avoid overlap with certain insiders, shifts to 'as may be prescribed' for delegated rules, and clarifies administrative guideline issuance for hospital approvals. Valuation methods and income thresholds are left to subordinate rules, so employers must track benefits, recoveries and approvals pending prescribed valuation and documentation requirements.
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