Rule 3 Valuation of Perquisites to employees and Tax on Perquisites: Rule 3 of Income Tax Rules 1962

Perquisite Valuation and Tax
Rule 3 of Income Tax Rules 1962 defines Valuation of perquisites to employees.
Provisions in Income Tax Rules 1962 related to Rule 3 is as under:

Valuation of perquisites.

3. For the purpose of computing the income chargeable under the head "Salaries", the value of perquisites provided by the employer directly or indirectly to the assessee (hereinafter referred to as employee) or to any member of his household by reason of his employment shall be determined in accordance with the following sub-rules, namely:-

(1) The value of residential accommodation provided by the employer during the previous year shall be determined on the basis provided in the Table provided in the income tax Rules

Rule 1 of Income Tax Rule 1962 - Short Title and Commencement

Rule 2 of Income Tax Rule 1962 - Definitions of Income Tax Rules

Rule 2A Limits for the Purposes of Salary income Income Tax Rules 1962

Rule 2B Conditions for the purposes of Section 10(5) of Income Tax Act in respect of value of travel concession or allowance received or due to employee from employer

Rule 2BA Guidelines for the purposes of Section 10(10C) of Income Tax Act in respect of amount received by employee from employer: Rule 2BA of Income Tax Rules 1962

Rule 2BB Prescribed Allowances for the purpose of Section 10(14) of Income Tax Act : Rule 2BB of Income Tax Rules 1962

Rule 2BBA Conditions and Circumstances for the purposes of Section 10(19) of Income Tax Act : Rule 2BBA of Income Tax Rules 1962

Rule 2BC Amount of annual receipt for the purpose of Section 10(23)(iiiad) and (iiiae) of Income Tax Act : Rule 2BC of Income Tax Rules 1962

Rule 2C Defines guidelines for approval under section 10(23)(iv) and (v) of Income Tax Act : Rule 2C of Income Tax Rules 1962

Rule 2CA Guidelines for approval under section 10(23C)(vi) and (via) of Income Tax Act : Rule 2CA of Income Tax Rules 1962

Rule 2D Guidelines for approval under section 10(23F) of Income Tax Act : Rule 2D of Income Tax Rules 1962

Rule 2DA Guidelines for approval under section 10(23FA) of Income Tax Act : Rule 2DA of Income Tax Rules 1962