#Payroll

2 articles

Company Car Just Got Expensive: Rule 15 of the Income-tax Rules, 2026 Quietly Triples the Perquisite Value

Sanjay Patel
Sanjay Patel Tax Consultant · Feb 10
Draft Rule 15 of the Income-tax Rules, 2026 raises the monthly car perquisite from Rs 1,800 to Rs 5,000 (up to 1.6 litre) and Rs 2,400 to Rs 7,000 (above 1.6 litre), with the driver component going from Rs 900 to Rs 3,000. Practitioner view of the math, EV uncertainty, and April payroll actions.

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