Concessional rent and hra
This query is : Resolved
Sandeep Kumar Sahu
(Querist)
29 August 2019
Employer provided company owned accommodation to it's employees and recovered license fee from them. But the employer does not give HRA to the said employees which is 24% of the salary. In this scenario whether the accommodation shall be charged as perquisite in the hand of the employees.
CA R SEETHARAMAN
(Expert)
29 August 2019
Yes, the accommodation shall be charged as perquisite in the hand of the employees.
Sandeep Kumar Sahu
(Querist)
29 August 2019
But IT Department of Bangalore has issued a reply to a PSU that if Employees are not getting HRA and charged with standard rent fixed by the PSU then the perquisite is not taxable. It is the case of HMT.
CA R SEETHARAMAN
(Expert)
29 August 2019
In our PSU NLC India ltd tax on such perks paid by the company.
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