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Q . No . 1 0 Mr . R is working with Reliance Industries Ltd . at Ahmedabad [ Population above 2 5 lakhs ]
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Mr is working with Reliance Industries Ltd at Ahmedabad Population above lakhs The particulars of his salary income are as under:
Salary
DATreated as part of salary for calculation of Provident Fund
Bonus Out of which is gratuitous
Commission
Employee's and Employer's contribution to RPF Each
The employer has provided a rent free house. Calculate the value of the perquisite of rent free house if :
a House is owned by employer and its FRV is pa
b House is hired by employer at pm
Hints : a Taxable value is ; b Taxable value is ; Gratuitous bonus is treated as gift, hence not treated as part of salary for calculation of value of rent free house
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