- Shweta Verma
March 24, 2026
Form No. 123 - Details of perquisites or profits in lieu of salary
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Form No. 123 is a statement issued by the Employer providing details of perquisites or profits in lieu of salary, to an Employee. The form provides a detailed break-up of monetary and non-monetary perquisites. It serves as a reference and certifies perquisite valuation, for the purpose of filing ITR by the deductee. Form No. 123 is required to be issued only in the case of an employee whose salary exceeds ₹1,50,000 per annum.
https://www.incometaxindia.gov.in/documents/d/guest/form-123-faqs
Author Bio
Shweta Verma
Company: TVA & CO LLP
Designation: CS
Location: -
Gender: female
CS Trainee View Full Profile
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