Question:
Rent-Free Accommodation provided by an employer to an employee is:
Rent-Free Accommodation provided by an employer to an employee is:
Updated On: Nov 26, 2025
- Perquisite as per Section 17(2) of the Income Tax Act
- Perquisite as per Section 16(2) of the Income Tax Act
- Allowance under Section 10(13A) of the Income Tax Act
- Allowance under Section 10(1) of the Income Tax Act
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The Correct Option is A
Solution and Explanation
Rent-free accommodation provided by an employer to an employee is considered a perquisite under Section 17(2) of the Income Tax Act. Perquisites are benefits or amenities provided to employees in addition to their salary, and they are included in the employee’s taxable income.
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