02-14-2009, 10:43 PM
<b>Valuation of Accommodation.</b>
The value of accommodation provided by an employer to the employee shall be taken equal to the amount that would have been paid by the employer in case such accommodation was not provided.
Provided that the value taken for this purpose shall, in any case, not be less than forty five percent of the minimum of the time scale of the basic salary or the basic salary where there is no time scale.
<b>House Rent Allowance.</b>
House rent allowance is totally chargeable to Tax.
The value of accommodation provided by an employer to the employee shall be taken equal to the amount that would have been paid by the employer in case such accommodation was not provided.
Provided that the value taken for this purpose shall, in any case, not be less than forty five percent of the minimum of the time scale of the basic salary or the basic salary where there is no time scale.
<b>House Rent Allowance.</b>
House rent allowance is totally chargeable to Tax.
