Category: Form 16

Rent Free Accommodation?

What is Rent Free Accommodation? What is it taxability? How is it different from House Rent Allowance? Sometimes the employer provide houses to its employees for residential purposes and do not charge anything from them and in some cases to some extent. RFA i.e. Rent Free Accommodation is a part of perquisites that are considered as additional benefits getting from your employer received in kind and it is taxable as per the provisions of Income Tax Act. RFA is a perquisite whereas HRA is an Allowance.
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What if Form 16 not received from Employer?

Although, its mandatory for an employer to issue Form 16 to its employee but in any case employer does not give or issue Form 16 to its employee then how an employee can file his ITR i.e. Income Tax Return without Form 16, here below are the steps required to follow by the employee to file his Income tax Return without Form 16.

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