Rule 3(1) of IT Rules regarding determination of perquisite for accommodation is changed and relief granted to employee.

 

“2.      Where the accommodation is provided by any other employer and—

(a) where the accommodation is owned by the employer, or

(i) 10% of salary in cities having population exceeding 40 lakhs as per 2011 census;

(ii) 7.5% of salary in cities having population exceeding 15 lakhs but not exceeding 40 lakhs as per 2011 census;

(iii) 5% of salary in other areas, in respect of the period during which the said accommodation was occupied by the employee during the previous year as reduced by the rent, if any, actually paid by the employee.

(b) where the accommodation is taken on lease or rent by the employer.

Actual amount of lease rental paid or payable by the employer or 10% of salary, whichever is lower, as reduced by the rent, if any, actually paid by the employee.”

Notification No. 65/2023 dated 18.08.2023


 

 

 

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