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Perquisites query

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RITIKA (Querist)

12 August 2014 Hi, Pls help me with the following queries:

1. Can we claim HRA exemption also if we get accommodation from employer ( not owned by employer but taken on lease from third party) which is valued under perquisites in sub-rule(1) but some part of rent is paid by employee to owner of accommodation?

2. Telephone provided by an employer to an employee at his residence is exempt perquisite only if the employer is a telecom company or exempt for all employees?

3. Kindly explain motor car rent exemption allowance proviion

4. what components of salary should be taken into consideration for valuing perquisite for accommodation?

Thanks,

TKKKKKK

TKKKKKK (Expert)

12 August 2014 1.HRA will be taxable because you are not paying rent.
FOr comptuting perquisites from rent free accomodation, calculate perquisites value and deduct amount paid directly from employee to owner of house.

2. Telephone bill paid is exempt.

4. for calculating perquisites for rent free accommodation, consider pay,allowance,bonus,commission but do not consider pf, lump sum payment and exempt allowance and value of perquisites.

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