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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 Popul .....

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of Salary *Salary is to be taken for the period during which the said accommodation was occupied in the previous year. If provided at concessional rate then, Taxable Value = Value determined as above (-) Rent actually paid by the employee Accommodat .....

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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 .....

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r such furniture by employee during the P/Y (if any) Salary for the purpose of Valuation of Accommodation Includes: Does not includes: Basic pay Dearness Allowance (if forms part of salary for retirement benefits) Bonus or fees Commission payable mon .....

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the employee Value of perquisites specified u/s 17(2) of the Act. Perquisities is not taxable in following cases: 1.Accomodation provided by employer shall be a tax free perquisite if accomodation is provided to the employee in remote area. 2. Hotel .....

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