Ms. Raheja is a Finance Manager in Wisdom Ltd. The company has provided him with...
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Ms. Raheja is a Finance Manager in Wisdom Ltd. The company has provided him with rent-free unfurnished accommodation in Mumbai. License fee for the accommodation is Rs. 6,500. She gives you the following particulars:
Basic salary Rs. 6,000 p.m.
Dearness Allowance Rs. 2,000 p.m. (30% is for retirement benefits)
Bonus Rs. 1,500 p.m.
Even though the company allotted the house to her on 1.4.2018, she occupied the same only from 1.11.2018.
Calculate taxable value of perquisite for AY 2019-20.
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