Type of Accomodation | Population of the city | Percentage of Tax |
Owned by the employer | Greater than Rs. 25 lakh | 15% |
Between Rs. 10 lakh & Rs. 25 lakh | 10% | |
Below Rs. 10 lakh | 7% | |
Leased by the employer | Actual rental paid or 15% whichever is lower | NA |
Accommodation provided in a hotel or guest house for more than 15 days | 24% |
Type of Car | Rate of Tax |
Small cars below 1.6 litres | Rs. 1800 / month |
Big cars above 1.6 litres | Rs. 2,400 / month |
What is perquisites in income tax?
Malini
September 17, 2021
👁2269 Views
✔
Comment
3
Answers
Finance
,Taxes
Share