Rajinder Ahuja (ASST. MANAGER ACCOUNTS) (56 Points)
15 January 2010Dear
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
FATEMA
(CHARTERED ACCOUNTANT)
(719 Points)
Replied 15 January 2010
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.
Amir
(Learner)
(4016 Points)
Replied 15 January 2010
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)
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