03-04-2010, 06:48 PM
CORRIGENDUM OF CIRCULAR NO. 6 OF 2008
Anomaly was faced by the salaried persons serving at stations where house rent is admissible at the rate of thirty percent of the minimum of the time scale of basic salary but the value of accommodation provided by the employer was taken for the purpose of
taxation at 45% of the minimum of the time scale. This was causing hardship to the salaried persons serving in the MUFASAL areas. Now a change has been brought that where House Rent allowance is dmissible at the rate of thirty per cent of the minimum of the time scale, the value of house perquisite taken for the purpose of taxation shall be an amount not less than thirty per cent of minimum of the time scale of basic salary or the basic salary where there is no time scale.
Anomaly was faced by the salaried persons serving at stations where house rent is admissible at the rate of thirty percent of the minimum of the time scale of basic salary but the value of accommodation provided by the employer was taken for the purpose of
taxation at 45% of the minimum of the time scale. This was causing hardship to the salaried persons serving in the MUFASAL areas. Now a change has been brought that where House Rent allowance is dmissible at the rate of thirty per cent of the minimum of the time scale, the value of house perquisite taken for the purpose of taxation shall be an amount not less than thirty per cent of minimum of the time scale of basic salary or the basic salary where there is no time scale.
