April 16, 2026
Submitted By: Shweta Verma
Form No. 123: Statement Showing Particulars of Perquisites, Other Fringe Benefits or Amenities and Profit in lieu of Salary with value thereof
Form No. 123 is issued by an employer to an employee, specifying the value of perquisites, fringe benefits, or amenities or Profits in lieu of Salary thereof provided during a financial year. It is provided under section 392(5)(a) of the Income-tax Act, 2025 read with Rule 204(2) of the Income-tax Rules, 2026.
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