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Perquisites - Accommodation (Rent Free / Concessional) - Rule 3(1)

Income Tax - Salary Income - 13 - Rule 3(1): VALUATION OF ACCOMMODATION UNFURNISHED ACCOMMODATION Provided by the Central / State Govt - License fee determined by Govt. is the Taxable Valuable Provided by any other employer: Owned Accommodation Population ≤ 10 Lakhs = 7.5% of Salary* 10 lakhs < Population ≤ 25 lakhs = 10% of Salary* Population > 25 Lakhs = 15% of salary* Leased or rented accommodation - Taxable Value is lower of the following: Lease / Rent paid by the employer or 15% .....

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isite if the following two conditions are satisfied: The period of such accommodation does not exceed in aggregate 15 days and Such accommodation has been provided on transfer of the employee from one place to other. FURNISHED ACCOMMODATION Value of accommodation determined as if it is an unfurnished accommodation as above: Add: 10% p.a. of the cost of furniture if owned by the employer and / or the actual hire charges paid / payable, if hired from third party Less: Any charges paid / payable fo .....

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