- It is a taxable benefit on the employee where the employer provides accommodation
- For agricultural employees, HB is equal to 10% of pensionable pay
- For directors other than whole time service directors HB is the higher of:
- 15% of total income from all sources or
- fair market rental value or
- actual rent paid by employer.
- For employees provided with accommodation and meals, HB is equal to 10% of pensionable pay.
- For ordinary employees and whole time service directors, HB is the higher of:
- 15% of pensionable pay or
- fair market rental value or
- actual rent paid
In all the above cases, HB is reduced by amount of rent contributed by the employee.
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