Rent Free Accommodation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 March 2011
Dear Expert
I live in Gurgaon. My company has provided me with a rent free accommodation (unfurnished). The house is not owned by the company. My employer pays a rent of Rs 15,000 per month. I get a monthly HRA of Rs. 8000. I undersatnd that when company provides such an accomodation, 15% of gross salary is added back to the taxable income. my doubt is, how is such an arrangement benefitting me?? not only 15% is added back to my income, but all my hra comes under the sccope of taxable income!!! plz help!!!
I live in Gurgaon. My company has provided me with a rent free accommodation (unfurnished). The house is not owned by the company. My employer pays a rent of Rs 15,000 per month. I get a monthly HRA of Rs. 8000. I undersatnd that when company provides such an accomodation, 15% of gross salary is added back to the taxable income. my doubt is, how is such an arrangement benefitting me?? not only 15% is added back to my income, but all my hra comes under the sccope of taxable income!!! plz help!!!
08 March 2011
1. Your HRA is fully taxable
2. 15% of gross salary need to be added as taxable perqusite in your salary income
2. 15% of gross salary need to be added as taxable perqusite in your salary income
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