VALUATION OF PERQUISITES-AMENDED ON 18/12/2009

Central Board of Direct taxes has Amended the Income Tax rules in respect of valuation of the perquisites vide notification No. 94/2009/F.NO. 142/25/2009-SO (TPL), dated 18-12-2009.These rules has been amended mainly due to abolition of the FBT from 01.04.2009 i.e Fy 2009-10.The New rules shall applicable form the 01.04.2009 means applicable from Fy 2009-10.The main changes I have noticed is that valuation of car perks in respect of party used for personal purpose has been increased by 50% along with Driver salary .I will report other changes in due course in simplified manner .For the Time being I am publishing the full text of the amendment.You may also download the same from the Link given below

Download Thirteenth amendment in Income Tax rules dated 18/12/2009 regarding valuation of perquisites for employees
Check List of tax Free and Taxable allowances
Download List of Tax free allowance U/s 10(14)


Download Thirteenth amendment in Income Tax rules dated 18/12/2009 regarding valuation of perquisites for employees
Tags:valuation of rent free accommodation,valuation of medical facility,valuation of loan at concessional rate ,valuation of free education facility to employee,free electricity and water facility valuation,valuation of sweet equity, valuation of ESOP,valuation of Gift by the employer ,sale of movable asset to employee and perquisite valuation,free facility to travel to rail and airline and other employees, free medical treatment, facility of gardener,sweeper and other type of servant to employee