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Car is hired for employee n also reimbursed driver's salary

This query is : Resolved 
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(Querist)
13 July 2012 Hi All!

Good morning.

Can you please advise how to calculate Car Perquisite value in the following case:

The company has hired a car from the contractor (without driver) (Rs. 25000/- p.m.) for the employee which is used partly for official and partly for private purpose by the employee. The Employee has hired a driver at his own and paying salary of Rs. 10000/- to the driver which is reimbursed by the company to the employee.

Thanks in advance.
Ramesh
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CA SANJAY MUKHERJEE

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CA SANJAY MUKHERJEE (Expert)
13 July 2012 Value of perquisite:

=Rs(1800+900) or (2400+900) ( for >16 CC engine 2400)
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