Mr. Tinto has been provided with an accommodation by the company for which the company was paying a rent of ₹ 5,000 per month with effect from 01.09.2023. His basic salary is ₹ 11,000 per month. Calculate the value of Re

CS Executive · Tax Laws · PYQS · December 2024
Mr. Tinto has been provided with an accommodation by the company for which the company was paying a rent of ₹ 5,000 per month with effect from 01.09.2023. His basic salary is ₹ 11,000 per month. Calculate the value of Rent Free Accommodation in this case.
(A) ₹ 11,000
(B) ₹ 77,000
(C) ₹ 35,000
(D) ₹ 7,700

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act

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