CBDT Notifies New Income-Tax Rules vide Notification 133/2025 | dt. 18 Aug 2025
Rule 3C – Salary Income (Sec.17(2)(iii)(c)) – For valuation of perquisites under this clause (e.g. employer-provided facilities/benefits), exemption/relief will apply only if salary income ≤ ₹4,00,000.
Rule 3D – Gross Total Income (Sec.17(2) Proviso (vi)) – Certain perquisites are exempted if the employee’s Gross Total Income ≤ ₹8,00,000.
This effectively restricts tax relief on perquisites to lower & middle-income salaried employees.
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