Satish is employed as chief engineer in Gama Ltd. Chennai w.e.f. 1st April, 2020 for a consolidated salary of ₹ 60,000 per month. He is provided with rent Free unfurnished accommodation owned by the employer from 1st July, 2020 onwards. The value of taxable perquisite is
A. ₹ 1,08,000
B. ₹ 81,000
C. ₹ 72,000
D. ₹ 54,000
Answer:B
Satish is employed as chief engineer in Gama Ltd. Chennai w.e.f. 1st April, 2020 for a consolidated salary of ₹ 60,000 per month. He is provided with rent Free unfurnished accommodation owned by the employer from 1st July, 2020 onwards. The value of taxable perquisite is
A. ₹ 1,08,000 B. ₹ 81,000 C. ₹ 72,000 D. ₹ 54,000