Perquisites - Residual - Any other benefit, Amenity, Service or Right - Rule 3(7)(ix) - Income Tax - Ready Reckoner - Income Tax

Rule 3(7)(ix) : VALUATION OF ANY OTHER BENEFIT, AMENITY, SERVICE, RIGHT The value of any other benefit, amenity, service, right or privilege which comes under this head, shall be determined on the basis of cost to the employer under an arms length transaction as reduced by the employee s contribution, if any. However, nothing contained in this item shall apply to the expenses on telephone including a mobile phone actually incurred on behalf of the employee by the employer.