Example:- X, a director-employee of a private sector company based at Indore (population: 24Lakhs), draws ₹ 90,000 p.m. as basic salary. Other allowances and benefits attached to his office are: DA (forming part of Salary): 20% of basic salary; bonus: 30% of basic salary; commission: 800 p.m. and rent free house (lease rent paid by the employer: ₹ 40,000 p.m.) Determine the value of perquisite.

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..... erquisite. - Salary - Perquisites - Accommodation (Rent Free / Concessional) - Rule 3(1) Income Tax – Salary - Income Tax - Manuals - FAQ - Dated:- 10-8-2015 - Chapter No. 13 - Salary - Perquisites - Accommodation (Rent Free / Concessional) - Rule 3(1) . Calculation of salary for the purpose of RFA: Basic Salary + DA + Commission Basic Salary = 90,000 x 12 .....

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