Non-Government employer (accommodation is taken on lease) cost of furniture or actual rent of furniture minus amount paid by employee. Value of perquisites as calculated in case of unfurnished accommodation shall be increased by 10% p.a. If population (*) up to 10 lakhs : 7.5% of salary minus rent paid by employee.If population (*) exceeds 10 lakhs but up to 25 lakhs: 10% of salary minus rent paid by employee.If population (*) exceed 25 Lakhs : 15% of salary minus rent paid by employee.Non-Government Employer (accommodation is owned) License fees determined by the central or state government minus rent paid by employee and lease charge of furniture or 10% depreciation of furniture as the case may be. License fees determined by the Central or state government minus Rent paid by employee (if any) Perquisite value in case of Furnished Accommodation Perquisite value in case of Unfurnished Accommodation Rent free accommodation given by employer to employee shall be treated as perquisites in hands of employee and income tax would be levied in the manner specified below:-Ĭalculation of perquisite value, is given hereunder: Accommodation provided by:. 2,00,000Ĭost of stay aboard of the employee or any member of the family for medical treatment and cost of stay of one attendant who accompanies the patient in connection with such treatmentĮxpenditure shall be excluded from the perquisites only to the extent permitted by RBI. Medical treatment of employee or any member of family of such employee outside IndiaĮxpenditure shall be excluded from perquisites only to the extent permitted by RBI.Ĭost of travel of the employee or any member of his family or any one attendant who accompanies the patient in connection with treatment outside IndiaĮxpenditure shall be excluded from perquisites only in the case of an employee whose gross total income as computed before including therein the expenditure on travelling does not exceed Rs.
Note: Fixed medical allowance given by employer to employee is fully chargeable to tax.Įxpenditure incurred by the employer on medical treatment of employee is taxable subject to the conditions given below:- Perquisites not chargeable to tax 15000 per assessment year (This exemption is not applicable from A.Y 2019-20)
Medical insurance premium paid or reimbursed by employer
Not chargeable to tax with no monetary cellingįor treatment of prescribed diseases given in Rule 3A(2) Treatment of medical facility provided by the employer to employee is as follows:
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