IGNOU BCOC 136 2025 - Rent Free Accommodation

Question

Rent Free Accommodation

05 Oct 2025

Answer :

Word Count : 400

Rent-free accommodation is a type of perquisite provided by an employer to an employee under the Income Tax Act, 1961. It refers to a residential accommodation provided by the employer to the employee either free of cost or at a concessional rate. The value of such accommodation is treated as part of the employee’s taxable salary income because it represents a benefit arising from employment. The valuation of rent-free accommodation depends on whether the employer is a government or a non-government organization. In the case of a government employee, the value of rent-free accommodation is determined as per the license fee fixed by the government for such accommodation, as reduced by any rent actually paid by the employee. For employees of non-government organizations, the

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