Ms. Raheja is a Finance Manager in Wisdom Ltd. The company has provided him with rent-free unfurnished

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Ms. Raheja is a Finance Manager in Wisdom Ltd. The company has provided him with rent-free unfurnished accommodation in Mumbai. License fee for the accommodation is Rs. 6,500. She gives you the following particulars:

Basic salary Rs. 6,000 p.m.

Dearness Allowance Rs. 2,000 p.m. (30% is for retirement benefits)

Bonus Rs. 1,500 p.m.

Even though the company allotted the house to her on 1.4.2018, she occupied the same only from 1.11.2018.

Calculate taxable value of perquisite for AY 2019-20.

Related Book For answer-question

Managerial Accounting

ISBN: 9780073526706

12th Edition

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

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Posted Date: May 31, 2023 04:59 AM

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Ms. Raheja is a Finance Manager in Wisdom Ltd. The company has provided him with rent-free unfurnished

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Managerial Accounting

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