Tag: 4 lakh income tax threshold

Income Tax Rules Revised: New ₹4 Lakh & ₹8 Lakh Thresholds for Employee Perks The government has recently revised the income tax rules, bringing much-needed relief to salaried taxpayers. Two key thresholds have been significantly increased—one for classification of “specified employees” in relation to non-monetary perks, and the other for exemption on overseas medical treatment…