Particulars | Unfurnished | Furnished |
For Government employee | Licence Fee is taxable | Value of furnished house + 10% per annum cost of furniture or rent of furniture |
For Private employee where accommodation is by employer in a self owned property | 15% of salary for cities in which population is more than 25 lakhs 10% of salary for cities in which population is between 10 lakhs and 25 lakhs 7.5% of salary for other cities | Value determined for unfurnished property + 10% rent for furniture |
For Private employee where accommodation is by employer in a rented property | Actual amount rent paid by employer or 15% salary whichever is lower | Value determined for unfurnished property + 10% rent for furniture |
For Private employee where accommodation is by employer in a hotel | No taxes | Actual charges paid to hotel or 24% of salary |
How to calculate perquisite tax on accommodation?
Poorva
✔In Progress
👁1985
Views
September 16, 2021
2021-09-16T10:50:15+00:00 2021-09-21T13:08:09+00:00Comment
1
Answers
Taxes
Share