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Company Lease Accomodation

Tax queries 2509 views 1 replies

Sir, I am working in an IT company, where i get 20000-HRA. Since my landlord asked for doing agreement with the company, therefore I availed Company Lease accomodation option. I pay Rs 15000 as a rent paid by my company as a CLA, and on remaining HRA amount tax is deducted.

Now my query is the CLA of 15000X12=Rs 180000 is also taxable, as i found that my company has taken this amount as a taxable amount and deducted tax on it.

Pls advise. 

Replies (1)

Dear Maneesh

As ur company is paying the leased accomodation then in that case only some portion of your salary os taxable i.e

Lease Rent or  15% of ur salary , which ever is LOWER .............. That much amount is taxable & included in your salary...................


CCI Pro

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