Car/Cab Facility Given by Company

For Employee Point Of View : If Non Monetary Perquisites Amount  Received (AMT  RECD) is Zero.

*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

Partly Official Partly Personal Purpose Examples

What is the amount taxable in following cases

Q9

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

by the  company Car Cost =Rs 90,00,000  What is amt taxable if Car used for

1.  Official purpose

2. Personal Purpose

3. Partly  Official Partially personal purpose

Q10

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 directly

What is amount taxable if Car used for

1.  Official  purpose

2. Personal Purpose

3. Partly  Official Partially personal purpose

Q11

Suppose Employee pays for petrol and maintenance and then claims from Company