.....My friend Sumit is a Finance Manager in Dash Ltd. The company has provided him with rent-free unfurnished accommodation in Mumbai. Besides he also gets: Basic salary ` 6,000 p.m. Dearness Allowance ` 2,000 p.m. (30% is for retirement benefits) Bonus ` 1,500 p.m. Even though the company allotted the house to him on 1.4.2017, he occupied the same only from 1.11.2017. What will be the taxable value of his perquisites?
Dec. 08, 2017