Rent Free accomodation

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  1. Sulav

    Sulav New Member

    What if Salary drawn is nil but Rent Free Accommodation received by the assessee is Rs. 100000/- per month. Is this perq. taxable?

    I think in case of unfurnished accommodation,

    Actual Rent paid by Employer or 15% of Salary (whichever is lower) Nil
    (Salary is Nil; Nil *15% = Nil is lower than 100000*12= 1200000 )

    less:- rent paid by employee Nil

    Therefore, taxable value of perq. will also be NIL.
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