Monday, March 17, 2025

This tax-free perquisite value for salaried employee will see a positive change in New Tax Bill 2025

Tax free perquisite: Experts say due to a tweak in language of the new tax bill, 2025 now tax free perquisite may include employee commuting costs through reimbursements, or transportation through employer owned/operated vehicles, and many more. Shalini Jain, Tax Partner, EY India says, "This could potentially reduce administrative burdens and make it easier for both employers and employees to comply with tax regulations."

from Tax-Wealth-Economic Times https://ift.tt/uG3fQ12

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