Business·30.04.2026ملخص الذكاء الاصطناعي Form 123: Tax Filing Deadline and Perquisite Reporting Requirements for Salaried Employees
Salaried employees earning over Rs 1.5 lakh annually must obtain Form 123 (formerly Form 12BA) from their employers by April 30, 2026 for Assessment Year 2026-27. This form details all perquisites including meal card benefits, accommodation, vehicles, and other perks. The ITR filing deadline is July 31, 2026. Meal card tax benefit is up to Rs 200 per meal under both tax regimes for Tax Year 2026-2027.