Mr. Balan is employed in SS Ltd at Madurai. He is provided with rent-free accommodation owned by the employer. The percentage of salary to be adopted for the purpose of valuation of perquisite would be:

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Question:Mr. Balan is employed in SS Ltd at Madurai. He is provided with rent-free accommodation owned by the employer. The percentage of salary to be adopted for the purpose of valuation of perquisite would be:

1.15%

2. 10%

3. 7.5%

4. 20%

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  1. Mr. Balan is employed in SS Ltd at Madurai. He is provided with rent-free accommodation owned by the employer. The percentage of salary to be adopted for the purpose of valuation of perquisite would be:
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