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

Car/Cab Facility Given by Company - TDS on Salary with Perquisites

*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

Particular Small Car Large Car
Car    
Car + Driver    
Car + Driver + Petrol    
Car + Driver + Petrol + Maintenance    
Car + Petrol    
Car + Maintenance    
Car + Maintenance + Driver    
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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

View Answer

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

   
Car Cost (800 CC) 300000
Driver Salary pm 5000
Petrol l p.m 4000
Maintenance Exp p.m 2000

What is amount taxable if Car used for

1.  Official  purpose

2. Personal Purpose

3. Partly  Official Partially personal purpose

View Answer

Q11

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

View Answer
  1. Tax Practical
  2. Practical Payroll (TDS Salary,PF,ESI)
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About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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