Suresh is employed in Delhi and is drawing Rs. 50,000 per month as their salary. Besides, he
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Suresh is employed in Delhi and is drawing Rs. 50,000 per month as their salary. Besides, he got one month's salary as a bonus. He is given an option by the employer, either to accept HRA or rent-free accommodation that is owned by the employer. HRA is payable @ Rs. 10,000 per month, while the rent for accommodation in Delhi is Rs. 12,000 per month. Advise Suresh, whether it would be beneficial for him to avail HRA or rent-free accommodation provided by the employer (assuming Mr. Suresh has not opted for section 115BAC of the Income-tax Act, 1961).
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