Motor car owned by Employee but Expenses Reimbursed by Employer

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

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

Q1

Employee gets Basic Salary of 50000 pm. He owns a car

The company pays following expenses for car during year

What is amt taxable is Car used for

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

OFFICIAL PURPOSE

--answer--

​Note:-In this case,Register to be maintained+ Certificate requred from employer

PERSONAL PURPOSE

--answer--

 --endanswer--

PARTLY OFFICIAL PARTLY PERSONAL

--answer--

​--endanswer--

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Note:-

If any amt claimed from employee,It will be reduced while calculating taxable perquisite  

Q2

Suppose in Q1,Company deducts Rs 2000 pm for Car provided

OFFICIAL PURPOSE

--answer-- 

​Note:-In this case,Register to be maintained+ Certificate requred from employer

PERSONAL PURPOSE

PARTLY OFFICIAL PARTLY PERSONAL

--answer--​

 --endanswer--