Ramesh, an employee of Gauri & Co. of Delhi, received the following payments during the previous year ended 31 st March, 2020: Basic salary: ₹ 2,40,000 and dearness allowance – 40% of basic salary (40% forming part of salary). Rent-free unfurnished accommodation provided by employer for which rent paid by employer being ₹ 50,000. The value of taxable perquisite in the hands of Ramesh will be:
A. ₹ 41,760
B. ₹ 50,000
C. ₹ 36,000
D. ₹ 52,500
Answer:A
Ramesh, an employee of Gauri & Co. of Delhi, received the following payments during the previous year ended 31 st March, 2020: Basic salary: ₹ 2,40,000 and dearness allowance – 40% of basic salary (40% forming part of salary). Rent-free unfurnished accommodation provided by employer for which rent paid by employer being ₹ 50,000. The value of taxable perquisite in the hands of Ramesh will be:
A. ₹ 41,760 B. ₹ 50,000 C. ₹ 36,000 D. ₹ 52,500