banner_ad

FBT-tax implication on the Driver’s salary, Petrol and Car m

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
31 December 2009 Please need a notification on FBT on perquisit. - Is there any tax implication on reimbursement of Car Maintaiance, Petrol allowance
Profile Image

CMA. Dinesh S Adhikari, ACMA

Profile Image

CMA. Dinesh S Adhikari, ACMA (Expert)
31 December 2009 Hiii....

Yes, According to new rules of Motor Car perquisites/amount provided by the employer to the employee will be taxable in the hands of the employee, according to New Perquisites Rules....

If Car owned by the Employee and All Expenses Provided by the employer then taxability will be as follow:

=Amt. Received from Employer - Rs. 1800pm*


*Note: Above formula is based on assumption that car is upto 1.6 litre capacity and no any amount provided for chauffeur.

For more clarification please provide other information.
eg. That is petrol allowance or reimburement and is there any expenses borne by the employee. etc.

You can also check in New Perquites rules files in INCOMETAXINDIA.COM


Regards!!!
Dinesh S. Adhikari
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
31 December 2009 Yes correct
Profile Image

Murtaza I Bhagat

Profile Image

Murtaza I Bhagat (Expert)
01 January 2010 agree with thanks
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
27 April 2026
Senior Accountant

Jyoti K agarwal & co

Mumbai

Others

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
03 May 2026
Senior Chartered Accountant

Nirmal Jain & Co

New Delhi

CA

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details