plz solve the query

Where employer provides Rent Free Unfurnished accommodation.

Perquisite Value: -

Where accommodation is owned by employer: -

15% of the salary, in cities having population more than 25 lakhs as per 2001 census

10% of the salary, in cities having population more than 10 lakhs but not more than 25 lakhs as per 2001 census

7.5% of the salary, in any other place.

Actual amount of lease rental paid or payable by the employer

20% of salary

Rent Free Furnished Accommodation

The taxable value of Rent-Free Furnished Accommodation (Except Hotel Accommodation) provided by the employer during the previous year to the employee is determined in the following manner: -

How to calculate the 'Value of Furniture & House-hold Equipments'?

Value of Furniture & House-hold Equipments is calculated as below: -

Hotel Accommodation

Where the employer provides the accommodation in a Hotel (except where such accommodation is provided for a period not exceeding in aggregate 15 days on his transfer from one place to another).

Perquisite value for Furnished Hotel Accommodation is taxable to the extent of least of the following: -

24% of the Salary paid or payable for the period of stay as a proportion to the salary paid or payable for the previous year

Actual Charges paid or payable to such hotel

Least of following will be exempted.
 

1. Leave encashment Actually received.
   
2. Last 10 Month average salary .(average salary explained below)
   
3. Maximum amount fixed by the Government from time to time.
4. Cash equivalent of salary in respect of the period of earned leave to the credit of the employee only at the time of retirement whether on superannuation or otherwise calculated maximum by 30 days maximum for every year of actual service rendered to employer from whose he has retired.

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