Rent free accomodation

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Ananth (Querist)
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20 March 2012 Hi,
Our company has given Accommodation to one of its employee.
Company has taken the unfurnished house for Rs 13200 pm in Bangalore.
Employee is also getting HRA of Rs 25000 pm.

What would be the Taxable HRA & Taxable Rent free accomodation?

His Basic & Da is Rs 720000 pa.

Rajnikant Vadigoppula

Rajnikant Vadigoppula (Expert)
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20 March 2012 1.taxable perquisites is rent payable or 15% of salary whichever is lower.

i.g.,13200*12=158400

or

720000*15%=108000

so, taxable perquisite is 108000.
and HRA is fully taxable.

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