Kapil gets salary of ₹ 12,000 p.m. and is provided with rent-free unfurnished accommodation Pune (Population 31 Lakh). House is owned by employer, fair rental value of which is ₹ 1,400 p.m. House was provided with effect from 1st July, 2020. Value of the perquisite of rent-free accommodation will be –
A. ₹ 21,600
B. ₹ 10,800
C. ₹ 16,200
D. ₹ 12,600
Answer:C
Kapil gets salary of ₹ 12,000 p.m. and is provided with rent-free unfurnished accommodation Pune (Population 31 Lakh). House is owned by employer, fair rental value of which is ₹ 1,400 p.m. House was provided with effect from 1st July, 2020. Value of the perquisite of rent-free accommodation will be –
A. ₹ 21,600 B. ₹ 10,800 C. ₹ 16,200 D. ₹ 12,600