Valuation of perquisites for rent free accomodation
This query is : Resolved
yogesh vijaykumar shah
(Querist)
06 February 2013
Ours is Private limited Company having the employee on contract basis. The compnay has provided rent free accomodation to said employee. Kindly guide us whether same rules are applicable to such contract employee as are applicable to regular employee. The company is not deducting Provident fund as the same is not applicable
CA PARAS BAFNA
(Expert)
06 February 2013
Merely PF is not a deciding factor. If the contract employee is paid Salary than Perquisite for RFH is taxable.
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