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.Continue reading “Rent Free Accommodation?”
