Income tax vide Circular No. 04/2020 dated 16th January 2020 directed that there is no requirement of deduction of tax for employees who are having an estimated salary income after considering the value of perquisites of Rs. 2,50,000/-(<60 years) or Rs. 3,00,000/-(60 to 80 years) or Rs.5,00,000/-(>80 years).
This corrigendum to the above circular clarifies it as the estimated salary income including the value of perquisites is taxable after giving effect to the exemptions, deductions, and relief as applicable.
https://www.incometaxindia.gov.in/communications/circular/corrignedum_cir4_2020.pdf