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Perquisite for rent free accommodation

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(Querist)
09 February 2016 Owner owns the apartment , gives the same for the employee to stay rent free. Employees gross 48 lacs and value of furniture 5 lacs. What is the value of perquisite ?
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Ashish Bansal

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Ashish Bansal (Expert)
10 February 2016 10% of Salary i.e Rs. 4.80 Lacs+ 10% of value of furniture i.e. Rs. 50K = 5.30 Lacs

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