This section covers

 Gift of assets by employer to employee


Sale of Asset  by employer to employee


In all these cases,

Depreciated Value of Asset


Amt recovered from employee if any

is taxable perquisite


Depreciation is calculated as follows 

  Transfer of moveable assets by Employer to Employee - Taxability of Perquisites



  • If any amount recovered from Employee , it is to be reduced
  • Completed year means period starting from date assets put to use by Employee.
  • (Example – if used for 1 year 11 months only 1 year shall be counted) .




The company purchased 1/5/2012 Laptop for Rs.40000

It was gifted to Employee on 1/8/2014


  • No of Completed Years
  • Value of taxable Perquisite



Solve Q1 Assuming Laptop was sold to Employee for Rs.6000 and not gifted


Value of taxable Perquisite=

10000 – 6000

= 4000



The company purchased furniture on 1/1/2011 for Rs.100,000

It was sold to Employee on 1/9/2014 for Rs.50000

Find value of taxable Perquisite


  • No of Completed Years
  • Value of taxable Perquisite







  1. Income Tax
  2. Income from Salaries
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Davneet Singh
Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 8 years. He provides courses for Maths and Science at Teachoo. You can check his NCERT Solutions from Class 6 to 12.