HWITH CONCESSIONAL UNFURNISHED ACCOMADATION
This query is : Resolved
18 March 2008
A COMPANY PAID HRA 1500/- P.M. TO HIS EMPLOYEES & PROVIDES ROOM IN HIS OWN BETCHLER HOSTAL IN SHARING (TWO EMP. IN ONE ROOM) AND DEDUCT 500/- P. M. FROM SALARY OF EMPLYEE.
IS LIABLE FOR PERQUISITE AS RENT FREE /CONCESSIONAL UNFURNISHED ACCOMADATION OR NOT? IF NOT THAN RENT 500/- PAID BY EMP. WILL CONSIDERED IN CALCULATION OF HRA EXEMPRION [U\S 10(13A)].
IS LIABLE FOR PERQUISITE AS RENT FREE /CONCESSIONAL UNFURNISHED ACCOMADATION OR NOT? IF NOT THAN RENT 500/- PAID BY EMP. WILL CONSIDERED IN CALCULATION OF HRA EXEMPRION [U\S 10(13A)].
18 March 2008
RS. 500/- will be considered as rent paid in calculation of Exemption u/s 10(13A)
And it will also be added in perks for rent free accommodation.
OR
if Perks is calculated as per concessional rate then Rs. 500/- will not be considered in calculation of exemption u/s 10
(13A) as rent paid.
You can take the benifit of rent paid at one place only
And it will also be added in perks for rent free accommodation.
OR
if Perks is calculated as per concessional rate then Rs. 500/- will not be considered in calculation of exemption u/s 10
(13A) as rent paid.
You can take the benifit of rent paid at one place only
18 March 2008
Thanks a lot
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