Income-tax Rules, 1962 (Updated Valuation & Procedures)

# Income-tax Rules, 1962 The Income-tax Rules, 1962 prescribe the operational mechanics, valuation methods, and statutory forms required under the Income-tax Act, 1961. ## Important Operational Rules: - **Rule 2A**: Limits and computation method for House Rent Allowance (HRA) exemption under Section 10(13A). - **Rule 3**: Valuation of perquisites including company accommodation, motor cars, and interest-free loans. - **Rule 31**: Time limit and statutory format for issuing TDS Certificates (Form 16 / Form 16A). - **Rule 114**: PAN allotment procedure and mandatory Aadhaar-PAN linking rules.