Key Changes in Perquisites & Allowances in I Tax Act, 2025
Key Changes in Perquisites & Allowances in Income Tax Act, 2025 The Income Tax Act, 2025, introduced by the Income Tax Department and effective from 1 April 2026, brings structural clarity and rationalisation in the taxation of perquisites and allowances under the head “Salaries.” . The changes in perquisites and allowances under the Income Tax Act, …