Car is hired for employee n also reimbursed driver's salary
This query is : Resolved
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
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
CA SANJAY MUKHERJEE
(Expert)
13 July 2012
Value of perquisite:
=Rs(1800+900) or (2400+900) ( for >16 CC engine 2400)
=Rs(1800+900) or (2400+900) ( for >16 CC engine 2400)
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