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3.Valuation of perquisites, allowances and benefits.-For the purposes of computing the income chargeable to tax under the head “salary”, the value of all perquisites, allowances and benefits provided by the employer to the employee shall be included in the said income in accordance with the rules 4 to 7.

Salary Defined
Section 12 - Salary
Rate of Income tax on salaries
Value of perquisites - treatment - Section 13
Valuation of perquisites, allowances and benefits - As per Income Tax Rules, Rule 3
Valuation of Accommodation - Rule 4
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See Index of All Definitions - as per I T Ord 2001
See Index of All Income Tax Schedules