Dear
Please tell me what is the perquisit in case of rent paid by employer
basic for 8 month for which rent paid by employer 400000 + Coneyance 160000 + bonus ( full Year ) = 40984 + Leave Encashement ( full year )= 90385
rent paid for employee = 560000 ( 70000 p.m for 8 months )
what is the amount of perquisit in above case
Dear Rajinder,
The value of perquisite depends upon the type of employees (i.e. govt employees or non-govt employees) and the population of city where the accomodation is given.
please specify the above points in your question.
Dear Rajindra,
Perks will be lower of the following:- i:e Rs. 70,000 and any amount recoverd as rent from the employee will be deducted from this Rs. 70,000
1) Lease/ Rent paid - Rs. 70,000
2)15% of Salary - i"e 15% 6,41,180 = 96,177
Basic = 4,00,000
Conveyance = 1,53,600 (Exempt 800/month)
Bonus = 27,323 (proportionately for 8 months)
Leave encashment = 60,257 (proportionately for 8 months)
CAclubindia
