Rent free unfurnished accomodation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 November 2014
A flat has been allotted to an employee by the government, being the employer. Accordingly the employee has been ceased to draw house rent allowance. Now the question is that whether the employee is liable to pay income tax on the perquisite value of the accommodation.
Amol S Joglekar
(Expert)
19 November 2014
Yes. The vaslue of the perquisite shall be calculated and added to the income of that employee. (That is how it happens in the case of Govt employee who are allotted quarters. In effect, they tend to get less "take home")
CA R SEETHARAMAN
(Expert)
19 November 2014
For Govt. employees the perquisite being very meager being the license fee. For other sector employees it is based on percentage of salary.
Central/ State Govt. employee
License fee on the basis of rule framed by Govt.for allotment of houses to officers.
Central/ State Govt. employee
License fee on the basis of rule framed by Govt.for allotment of houses to officers.
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