| Valuation of perquisites |
| Accommodation facilities |
|
| Value of unfurnished Accommodation |
| Provided by Central or State Government | License fee determined by the Government |
| Less Rant recovered from Employee |
| Provided by Employer other than Central or state government | |
| (a)Owned by Employer | In cities having population exceeding 25 lakh as per 2001 census: |
| 15% of salary Less Rent actually paid by employee. |
| In cities having population exceeding 10lLakhs but not exceeding 25 lakh as per 2001 census: |
| 10% of Salary less rent actually paid by employees. |
| In other places: 7.5 % of salary less Rent actually paid by employee. |
| (b) Taken on lease by the employer | Rent paid by employer or 15% of salary whichever is lower |
| Less Rent recovered from employee. |
| (c)Accommodation in hotel | 24% of salary paid / payable or actual charges paid /payable whichever is lower |
| Less Amount paid or payable by the employee. |
| Valuation of Furnished accommodation |
| Value of unfurnished accommodation as above | Xxx |
| Add : Value of Furniture | xxx |
| - If owned by employer, then 10% p.a. of Original cost of such furniture |
| - If hired from third party, then Actual hire charges |
| Less : Any charges paid or payable by the employee | -xxx |
| Value of furnished accommodation | xxx |
