hard20 pts · first answer countspayroll-processingincome-taxperquisites
Value of company-owned accommodation
An employee in Bengaluru (a city with population above 40 lakh as per the 2011 census) lives in a company-owned flat. Salary for perquisite purposes is ₹15,00,000 a year, and the employee pays ₹2,000 a month to the company as rent. What is the taxable perquisite for the year?
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