Mr. Arjun employed in KL (P) Ltd. at Mumbai was provided rent-free accommodation by the employer who owned such accommodation. The salary income of Mr. Arjun for the purpose of computing the perquisite value is ₹ 8 lakhs. The perquisite value of rent-free accommodation in the hands of Mr. Arjun is:

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Question:Mr. Arjun employed in KL (P) Ltd. at Mumbai was provided rent-free accommodation by the employer who owned such accommodation. The salary income of Mr. Arjun for the purpose of computing the perquisite value is ₹ 8 lakhs. The perquisite value of rent-free accommodation in the hands of Mr. Arjun is:

1. 10% of salary ie. ₹ 80,000

2.7.5% of salary ie. ₹ 60,000

3.Nil

4. 15% of salary ie. ₹ 1,20,000

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  1. Mr. Arjun employed in KL (P) Ltd. at Mumbai was provided rent-free accommodation by the employer who owned such accommodation. The salary income of Mr. Arjun for the purpose of computing the perquisite value is ₹ 8 lakhs. The perquisite value of rent-free accommodation in the hands of Mr. Arjun is:
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