https://www.taxtmi.com/circulars?id=4551 The amendment to Rule 3(a)(i) retains the existing allotment rule valuation for unfurnished rent free residential accommodation for Government officers and officers seconded to Government controlled bodies. Where accommodation is furnished, valuation is computed on the allotment rule basis and then increased by a prescribed proportion of the original cost of employer provided furniture or, if the furniture is hired, by the hire charges payable by the employer; this furniture valuation applies to the specified salaried categories and for payroll tax deduction purposes in the transitional year. en-us Tue, 19 Nov 1974 00:00:00 +0530 Wed, 30 Jul 2008 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4551 The amendment to Rule 3(a)(i) retains the existing allotment rule valuation for unfurnished rent free residential accommodation for Government officers and officers seconded to Government controlled bodies. Where accommodation is furnished, valuation is computed on the allotment rule basis and then increased by a prescribed proportion of the original cost of employer provided furniture or, if the furniture is hired, by the hire charges payable by the employer; this furniture valuation applies to the specified salaried categories and for payroll tax deduction purposes in the transitional year. Circulars Income Tax Tue, 19 Nov 1974 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4551