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Example -X an employee of ABC Ltd. posted at Ajmer (population 18 Lakh) draws ₹ 300000 as basic salary ₹ 10000 as DA (forming part of salary) and ₹ 5000 as commission. Besides the company provides a rent-free accommodation in Ajmer. The house is owned by the company. Fair rent of the accommodation is ₹ 50000 p.a. Determine the taxable value of the perquisite.

Dated:- 10-8-2015 - Chapter No. 13 - Salary - Perquisites - Accommodation (Rent Free / Concessional) - Rule 3(1) Salary for the purpose of Rent free accommodation: Basic + DA + Commission i.e. 3,15,00 .....

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