Rent free accomodation
This query is : Resolved
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.
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.
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.
i.g.,13200*12=158400
or
720000*15%=108000
so, taxable perquisite is 108000.
and HRA is fully taxable.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- TDS- 2026-27 Q1 Correction
- Import Order Cancelled.
- Intimation under section 245
- Capital Gains Tax on Inherited Mutual Fund
- IMS (import of goods) ITC related
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
