Tds u/s 192
This query is : Resolved
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.
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.
Chintanshah
(Expert)
02 April 2012
no arrear salary will not be included in valuation
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