{"id":4559,"date":"2026-05-29T22:06:58","date_gmt":"2026-05-29T22:06:58","guid":{"rendered":"https:\/\/aaxonix.com\/resources\/?post_type=glossary&#038;p=4559"},"modified":"2026-05-30T02:53:05","modified_gmt":"2026-05-30T02:53:05","slug":"form-12ba-zoho-payroll","status":"publish","type":"glossary","link":"https:\/\/aaxonix.com\/resources\/glossary\/form-12ba-zoho-payroll\/","title":{"rendered":"Form 12BA"},"content":{"rendered":"<style>\n.gt-body{font-family:'Poppins',sans-serif;color:#111;line-height:1.75}\n.gt-def{border-left:4px solid #E8650A;padding:16px 20px;background:#fff8f4;border-radius:0 8px 8px 0;margin:0 0 32px;font-size:1.05rem}\n.gt-section{margin:0 0 36px}.gt-section h2{font-family:'Fraunces',serif;color:#0A1628;font-size:1.5rem;margin:0 0 12px}\n.gt-example-box{background:#f0f4ff;border-radius:10px;padding:20px 24px;margin:0 0 32px}.gt-example-box strong{color:#2563EB}\n.gt-related-pills{display:flex;flex-wrap:wrap;gap:10px;margin:0 0 32px}\n.gt-related-pill{background:#f7f4ef;border:1px solid #ddd8cf;border-radius:20px;padding:6px 16px;font-size:.875rem;color:#0A1628;text-decoration:none}\n.gt-faq-item{border:1px solid #ddd8cf;border-radius:10px;padding:16px 20px;margin:0 0 12px}\n<\/style>\n<div class=\"gt-body\">\n<div class=\"gt-def\">Form 12BA is a supplementary statement issued by employers to employees earning more than Rs 1.5 lakh per year, detailing perquisites (fringe benefits) provided and their taxable value, as well as any profits in lieu of salary. It accompanies Form 16 Part B and is required under Rule 26A. Perquisites include company car, accommodation, club membership, ESOPs, and soft loans at concessional interest rates.<\/div>\n<div class=\"gt-section\">\n<h2>What Counts as a Perquisite in India<\/h2>\n<p>Perquisites (perks) are non-cash benefits provided by the employer over and above salary. Taxable perquisites include: rent-free or concessional accommodation, company car used for personal purposes, club membership fees, interest-free or concessional loans above Rs 20,000, ESOP gains, and medical reimbursements exceeding Rs 15,000. Each has a valuation rule under the Income Tax Rules.<\/p>\n<\/div>\n<div class=\"gt-section\">\n<h2>Form 12BA and Zoho Payroll<\/h2>\n<p>Zoho Payroll generates Form 12BA for employees who receive perquisites. The perquisite values must be entered in the system during the financial year. At year end, Zoho Payroll includes the perquisite values in TDS computation and generates Form 12BA as part of the annual tax certificate package alongside Form 16.<\/p>\n<\/div>\n<div class=\"gt-section\">\n<h2>Perquisite Tax and TDS Adjustment<\/h2>\n<p>Perquisite values are added to gross salary for TDS computation. For example, if a company car has a perquisite value of Rs 28,800 per year (based on engine capacity and actual cost rules), this amount is added to taxable salary. Zoho Payroll includes entered perquisite values in the annual TDS calculation so the employee is correctly taxed on all benefits.<\/p>\n<\/div>\n<div class=\"gt-example-box\"><strong>Example:<\/strong> An employee receives a company car for partial personal use. Per income tax rules, the taxable perquisite value is Rs 1,800 per month (Rs 21,600 per year). The company adds this to the employee&#8217;s TDS computation in Zoho Payroll and generates Form 12BA at year end showing the car perquisite value and the tax attributable to it.<\/div>\n<div class=\"gt-related-pills\"><a href=\"https:\/\/aaxonix.com\/resources\/glossary\/form-16-zoho-payroll\/\" class=\"gt-related-pill sp-content-link\">Form 16<\/a><a href=\"https:\/\/aaxonix.com\/resources\/glossary\/tds-on-salary-zoho-payroll\/\" class=\"gt-related-pill sp-content-link\">TDS on Salary<\/a><a href=\"https:\/\/aaxonix.com\/resources\/glossary\/form-24q-zoho-payroll\/\" class=\"gt-related-pill sp-content-link\">Form 24Q<\/a><a href=\"https:\/\/aaxonix.com\/resources\/glossary\/investment-declaration-zoho-payroll\/\" class=\"gt-related-pill sp-content-link\">Investment Declaration<\/a><\/div>\n<div class=\"gt-faq-item\"><strong>What is Form 12BA in Zoho Payroll?<\/strong><\/p>\n<p>Form 12BA is a perquisite statement issued to employees whose annual salary exceeds Rs 1.5 lakh, listing all taxable perquisites (fringe benefits) provided by the employer and their values. Zoho Payroll generates Form 12BA at year end for employees with declared perquisites, alongside Form 16.<\/p>\n<\/div>\n<div class=\"gt-faq-item\"><strong>When must Form 12BA be issued to employees?<\/strong><\/p>\n<p>Form 12BA must be issued along with Form 16 by June 15 following the financial year end. It is required only for employees earning above Rs 1.5 lakh per year who have received perquisites. Zoho Payroll generates it as part of the annual tax document package.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Form 12BA in Zoho Payroll is a statement of perquisites and profits in lieu of salary issued along with Form 16 to employees whose salary income exceeds Rs 1.5 lakh per year.<\/p>\n","protected":false},"template":"","meta":{"seo_title":"Form 12BA | Zoho Payroll Glossary","seo_description":"Form 12BA in Zoho Payroll is a statement of perquisites and profits in lieu of salary issued along with Form 16 to employees whose salary income exceeds Rs","seo_keyword":"form 12ba zoho payroll","seo_faqs":"[{\"q\": \"What is Form 12BA in Zoho Payroll?\", \"a\": \"Form 12BA is a perquisite statement issued to employees whose annual salary exceeds Rs 1.5 lakh, listing all taxable perquisites (fringe benefits) provided by the employer and their values. Zoho Payroll generates Form 12BA at year end for employees with declared perquisites, alongside Form 16.\"}, {\"q\": \"When must Form 12BA be issued to employees?\", \"a\": \"Form 12BA must be issued along with Form 16 by June 15 following the financial year end. It is required only for employees earning above Rs 1.5 lakh per year who have received perquisites. 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