Good news for salaried taxpayers: Limits for these two tax-free perquisites raised substantially in Finance Act, 2025
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Good news for salaried individuals. The Central Board of Direct Taxes (CBDT) has raised the income limits for tax-free perks. This change impacts specified employees and overseas medical treatment. The new limits are Rupees four lakh and Rupees eight lakh respectively. These revised rules will be effective from April 1, 2025. More employees can now benefit from tax exemptions on perks.
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