Salaries

Rahul (Chartered Accountnat CS) (1580 Points)

12 September 2011

Q 1While computing salary for the purpose of Rent Free Accommodation Will the following be included?

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Vishwas V Rao ( Chartered Accountant) (239 Points)
Replied 12 September 2011

you have to include everything except perqs, employers contribution to pf, exempt allowances.

In q1. reimbursement of medical exp (perq) will not be included,

in q2. it will be allowed and for the purpose of rfa you have to include the taxable amt derived after allowing exemption.

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CA ADITYA SHARMA (CA IN PRACTICE ) (16719 Points)
Replied 12 September 2011

Originally posted by : Vishwas V Rao
	you have to include everything except perqs, employers contribution to pf, exempt allowances. In q1. reimbursement of medical exp (perq) will not be included, in q2. it will be allowed and for the purpose of rfa you have to include the taxable amt derived after allowing exemption.

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CS,CA F,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert) (85930 Points)
Replied 12 September 2011

Originally posted by : Vishwas V Rao
	you have to include everything except perqs, employers contribution to pf, exempt allowances. In q1. reimbursement of medical exp (perq) will not be included, in q2. it will be allowed and for the purpose of rfa you have to include the taxable amt derived after allowing exemption.