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4.Valuation of accommodation.– The value of accommodation provided by an employer to the employee shall be taken equal to the amount that would have been paid by the employer in case such accommodation was not provided.

Provided that the value taken for this purpose shall, in any case, not be less than forty five percent of the minimum of the time scale of the basic salary or the basic salary where there is no time scale.

Provided further that where House Rent Allowance is admissible @ thirty percent,the value taken for the purpose of this rule shall be an amount not less than thirty percent of minimum of the time scale of basic salary or the basic salary where there is no time scale.

Subject
Salary Defined
Section 12 - Salary
Rate of Income tax on salaries
Value of perquisites - treatment - Section 13
Valuation of perquisites, allowances and benefits - As per Income Tax Rules, Rule 3
Valuation of Accommodation - Rule 4
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