With the 2025 proxy season upon us, this Alert highlights governance, disclosure, and engagement considerations for companies preparing for their ...

Income Tax: Perquisites and Profits in Lieu of Salary are important components of taxable income under the Income Tax Act of 1961. These refer ...

Perquisites and Profits in Lieu of Salary are important components of taxable income under the Income Tax Act of 1961. These refer to additional financial benefits, compensations, or payments that an ...

The CBDT circular has been issued on 20 February 2025, and it will be applicable to the tax returns of the financial year ...

This new CBDT circular, released on February 20, 2025, makes changes in Form 16 and Form 24Q, expands definition of 'salary' ...

At present, perquisites (other than those exempt) are part of salary income and are subject to tax at the applicable slab rates. The details, in this regard, will be announced later. Supreme Court ...

If your taxable income is more than Rs 12 lakh, there are ways that you can still pay zero tax. This can be done by rejigging ...

In a circular issued on Thursday, CBDT highlighted that penalty is applicable where tax is not deducted at source on ...

In the General Budget 2025, alongside income tax exemption, the government has also announced an increase in the limit for tax-free perquisites. This includes, notably, expenditure incurred on medical ...

Discover the latest TDS updates from CBDT's Circular No. 03/2025 for FY 2024-25. Key changes, compliance tips, and employer ...