Perquisites - Traveling, Touring and Accommodation other than LTC - (New) Rule 15(5)(a) / (Old) Rule 3(7)(ii)

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....le 15(5)(a), The value of the benefit is Total expenditure incurred by the employer for for the employee or their household on: • Travel • Tour • Accommodation • Any related holiday expenses • other than concession or assistance referred to in rule 277. (a) Facility maintained by employer (not uniformly available) ....

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....RESPECT OF TRAVELLING, TOURING / ACCOMMODATION [ Rule 3(7)(ii) of the Income Tax Rule, 1962 ] Valuation of perquisite in respect of travelling, touring, accommodation and any other expenses paid/reimbursed by employer for any holiday availed by employee (or any other member of household) other than LTC: ACTUAL EXPENDITURE INCURRED BY HE EMPLOYER IS TAXABLE. Where such facil....