Our company is paying rent for furnished accomodation on behalf of our employees who have come from outstation in mumbai to work in our company.The said rent is paid by co. directly to landlords. Can anyone tell me whether the said rent is to be included in employees salary for the purpose of tds deduction. Kindly elaborate.
01 January 2013
If it is provided for not exceeding in aggregate fifteen days then it will not be treated as perquisite otherwise it will be taxable as perquisite in the hands of the employee.