Motor Car Given by Company to Employee

*Small Car:-Upto 1600 cc (or 1.6 litres)

**Large car :->1600 cc or (>1.6litre)

 If any amount recovered from employee ,it is NOT REDUCED

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EXAMPLE  

ONLY CAR GIVEN BY COMPANY

Q1

Employee gets Basic Salary of 70000 pm. He is given a BMW  Car (2500 CC)

by the company

The company pays following expenses for car during year

Car Cost =Rs 60,00,000 

What is amt taxable if Car used for

1. Official purpose
2. Personal Purpose
3. Partly Official Partially personal purpose

OFFICIAL PURPOSE

--answer--

--endanswer--

PERSONAL PURPOSE

--answer--

--endanswer--

PARTLY OFFICIAL PARTLY PERSONAL

--answer--

--endanswer--

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Q2

CAR+EXPENSES GIVEN BY COMPANY

Employee gets Basic Salary of 50000 pm. He is given a small car by the company

The company pays following expenses for car during year

What is amt taxable if Car used for

1. Official purpose
2. Personal Purpose
3. Partly Official Partly Personal purpose

OFFICIAL PURPOSE

--answer--

--endanswer--

PERSONAL PURPOSE

--answer--

PARTLY OFFICIAL PARTLY PERSONAL

--answer--

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Q3

Suppose in Q2 company deducts 2000 p.m for car provided