Valuation of perks

Querist : Anonymous (Querist) 03 November 2011 This query is : Resolved
My employer is a construction company and employees are provided with rent free accommodation temporarily at the construction site. Against this, 7.5% of salary is considered as perk value and Tax deducted from the salary.
Q-1 As per Income Tax Act, Perk value are not considered where the accommodation is provided at construction site. Our project is a power plant site.
Q-2 The area of temporary accommodation provided to employees falls in Emergency Planning Zone (of AERB Regulations) where no habitation is allowed.There is no any other facilities available in the area even though the postal address falls in a Municipal Area.The total population in a nearby settlement is approx. 1000 nos.

Q-3, In such case, any exemption available in perk value for the temporary accommodation provided in a construction site / no mans zone?

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Raj Kumar Makkad (Expert) 03 November 2011
1. No question found rather your presumption is accurate.

2. Again no question found, however, accommodation at such place is highly dangerous and should be avoided.

3. No such exemption is available as this is illegal.

prabhakar singh (Expert) 04 November 2011
agreed with makkad.

soumitra basu (Expert) 04 November 2011
Nothing further to comment

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