06 December 2010
One of the employees is getting HRA @ 15000 PM, in addition to Basic Salary, Medical Allowance, Conveyance Allowance etc. He is living in Co provided furnished house. Co is paying a composite rent for the same (for flat & furnitures). The employee is not paying any rent to anybody. My query is will both the items i.e. HRA & Perks (@7.5% of Basic+DA) will be taxable in his hand?
CAclubindia
