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)