Reduction in Perq value from 20 to 15%

HVNK | Last updated: 30 July 2007

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Quick Summary

This article addresses the recent reduction in the Perq value for company accommodation from 20% to 15%. It explains how employees can find the specific IT circular that notified this change. Additionally, it clarifies the data sources the IT department uses to determine a city's population for housing benefit calculations.

How do I find out which IT Circular has notified the reduction for company accomodation from 20% to 15%?
What source of data will be used by the IT dept to decide the population of a given city for housing? (e.g., if Navi Mumbai is below 1 million and falls into the 7.5% bracket)

FAQ :

The Perq value for company accommodation has been reduced from 20% to 15%.

You need to inquire with the relevant IT department or check internal communication channels for the specific IT Circular that announced the reduction.

The IT department uses specific data sources to decide the population of a given city for housing benefit calculations.

If Navi Mumbai's population falls below 1 million, it might be categorized into a different bracket, potentially affecting the housing benefit percentage, such as the 7.5% bracket mentioned.