Perquisite Valuation Calculator on the 2026 values, not the old ones

The values that were rebased

Notification 22/2026 dated 20 March 2026 brought in the Income-tax Rules 2026, and Rule 15 replaced the old Rule 3. The monetary values had been frozen for two decades and were raised sharply:

Rent-free accommodation was NOT changed — and this is where published tables go wrong

Rule 15 carries the 2023 rates forward unchanged for employer-owned unfurnished accommodation (non-government employee, 2011 census):

• Population over 40 lakh — 10% of salary
• 15 to 40 lakh — 7.5% of salary
• Under 15 lakh — 5% of salary

Leased accommodation is the lower of actual lease rent or 10% of salary. Furnished adds 10% a year of furniture cost. Rent you actually pay is deducted.

We checked several of the highest-ranking articles on this topic and found three different, mutually contradictory tables — 15/10/5%, 15/10/7.5%, and various population bands. All of them appear to be reciting the pre-2023 structure. If a source shows 15%, it is out of date by three years.

The trap: two different ₹3,000s

There is a ₹3,000 per month per child allowance exemption for children’s education, and a ₹3,000 per month per child perquisite threshold for employer-provided education. They are different provisions. The allowance exemption is old regime only. The perquisite threshold in Rule 15 applies in both regimes. Hostel expenditure at ₹9,000 a month is an allowance, not a Rule 15 perquisite value.

Perquisites do not disappear in the new regime

Perquisites form part of salary under Section 17 of the Income-tax Act 2025 and are taxable under both regimes. What the new regime removes is most allowance exemptions — not perquisite valuation. Employees frequently assume moving to the new regime makes the company car untaxed. It does not.

Also in Rule 15, not modelled here

Domestic servants at actual cost; interest-free or concessional loans valued at the SBI rate as on the first day of the tax year applied to the maximum monthly outstanding balance; ESOPs at the average of open and close for listed shares, or merchant-banker valuation for unlisted. The accommodation figure also carries an inflation cap where the same house continues beyond the first year — first-year value indexed by the cost inflation index. If that applies to you, the figure here may be too high.