01 April 2012
While calculating valuation of perquisite for accomodation whether salary in current year include arrear of salary received for earlier years. For example ; Perquisite of accomodation is to be calculated for the F.Y.2011-12 Salary for F.Y 2011-12 is Rs 10 lakh Arrear of salary due to wage revision for the year F.Y 2008-09 to F.Y 2010-11 is Rs 8 lakhs The population of city is than 10 lakh whether perquisite @ 7.5% for accomodation will be taken on Rs 10 lakh or on Rs 18 lakh or some other fig.
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