https://www.taxtmi.com/circulars?id=4532 Amendments to rule 3 restructure perquisite valuation: rent-free residential accommodation is valued by employee category-government-allotted residences by government allotment rules; specified government-controlled employees at 10% of salary with a 15% furniture-cost uplift if furnished; and other employees by a 10% salary baseline subject to fair-rent limits and discretionary adjustment. Concessional rent reduces the computed rent-free value by employee-paid rent. Motor car perquisites are the employer's running and maintenance expenditure (plus wear-and-tear if employer-owned) attributable to private use, with practical fallback rates and adjustments for chauffeurs, pooled cars, reimbursements and concessional use. en-us Sat, 16 Mar 1974 00:00:00 +0530 Wed, 30 Jul 2008 13:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4532 Amendments to rule 3 restructure perquisite valuation: rent-free residential accommodation is valued by employee category-government-allotted residences by government allotment rules; specified government-controlled employees at 10% of salary with a 15% furniture-cost uplift if furnished; and other employees by a 10% salary baseline subject to fair-rent limits and discretionary adjustment. Concessional rent reduces the computed rent-free value by employee-paid rent. Motor car perquisites are the employer's running and maintenance expenditure (plus wear-and-tear if employer-owned) attributable to private use, with practical fallback rates and adjustments for chauffeurs, pooled cars, reimbursements and concessional use. Circulars Income Tax Sat, 16 Mar 1974 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4532