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Good news for salaried taxpayers! 🎉


CBDT has raised the limits for tax-free perquisites perks:

✅Office perks → up to ₹4L
✅Overseas medical → up to ₹8L

Here’s what it means for all the employees👇🧵

[1] What Counts as "Perquisites"?

🔸Perquisites = non-cash benefits from employers.
🔸Like company cars, utilities, education, domestic staff, etc.

⚠️Taxable only for specified employees (as per Sec 17(2)(iii) ITA + Rule 3)

👉 Normally taxed as part of salary

[2] Who are Specified Employees?

Perquisite taxation mainly applies to “specified employees”:

➡️Directors of the company
➡️Employees holding >20% equity in employer company
➡️Employees with salary income >₹50,000 (now revised upwards)

[3] Office Perks Tax-Free Up to ₹4L

🔹Earlier: limit was just ₹50K
🔸Now: raised to ₹4 lakhs

Tax-free perks include:

✅Company cab / transport
✅Utilities (gas, water, electricity)
✅Education benefits
✅Domestic staff provided by employer
✅Others

[4] Overseas Medical Tax-Free Up to ₹8L

🔹Earlier: exemption capped at ₹2 lakhs
🔸Now: raised to ₹8 lakhs

Covers:

✅Medical treatment abroad
✅Travel & stay for patient and attendant (if approved)


[5] Who Gets Taxed?

⚠️These perks are taxable only if salary (including benefits) exceeds ₹4 lakh.

✅If salary is below ₹4 lakh, these perks remain tax-free.

Note: ₹4L & ₹8L are income cut-offs, not perk values. They decide eligibility, not claim amount.

[6] Who Benefits Most?

🔶Middle-income employees who receive office perks
🔶Families needing employer-funded medical care abroad
🔶Fewer people will now pay tax on these benefits

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