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of <h1>Director in Indore Receives Rs. 90K Salary Plus Benefits; Rent-Free Accommodation Taxable Value Set at Rs. 2.44L.</h1> A director-employee of a private company in Indore receives a monthly basic salary of Rs. 90,000, along with additional benefits including a dearness allowance (DA) at 20% of the basic salary, a bonus at 30% of the basic salary, a commission of Rs. 800 per month, and a rent-free house with a lease rent of Rs. 40,000 per month paid by the employer. For the purpose of calculating the value of rent-free accommodation (RFA) as a taxable perquisite, the total salary is Rs. 16,29,600. The taxable value of RFA is determined to be Rs. 2,44,440, being the lower of the calculated options.
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