Hotel Accommodation

If an accommodation is provided by an employer in a hotel the value of the perquisite will be

Lower of ( 24% of the annual salary or the actual charges paid to hotel) minus any rent actually paid or payable by the employee.

However, where in cases the employee is provided such accommodation for a period not exceeding fifteen days on transfer from one place to another, no perquisite value for such accommodation provided in a hotel shall be charged.