Question

Pandian, an employee of a company at Delhi (Population above 25 lakhs) is in receipt of a monthly salary of Rs. 3000 during the PY 2018 – 19. He is also entitled for bonus equal to 2 months’ salary and entertainment allowance of Rs. 300 PM (WEF 1.4.64). he is provided with a free unfurnished accommodation owned by the company. Annual rental value of the same type of accommodation in the same locality is Rs. 10000.
Find out: 
i. Perquisite value of the rent free accommodation and 
ii. what will be the perquisite value if pandian is an employee of SBI.
Pandian, an employee of a company at Delhi (Population above 25 lakhs) is in receipt of a monthly salary of Rs. 3000 during the PY 2018 – 19. He is also entitled for bonus equal to 2 months’ salary and entertainment allowance of Rs. 300 PM (WEF 1.4.64). he is provided with a free unfurnished accommodation owned by the company. Annual rental value of the same type of accommodation in the same locality is Rs. 10000.
Find out: 
i. Perquisite value of the rent free accommodation and 
ii. what will be the perquisite value if pandian is an employee of SBI.
​

Answer 1

Explanation:

monthly salary of Rs. 3000 during the PY 2018 – 19. He is also entitled for bonus equal to 2 months’ salary and entertainment allowance of Rs. 300 PM (WEF 1.4.64). he is provided with a free unfurnished accommodation owned by the company. Annual rental value of the same type of accommodation in the same locality is Rs. 10000.

Find out: