Perquisite

This query is : Resolved

paresh golatkar (Querist)
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28 September 2010 We are reimbursing following exp against submission of bills to one of our employee as salary part. Usage of car is for both personal & official use.

Rs. 8000/-p.m. as fuel & maintennce
expenses
Rs. 3000/-p.m. as attire expenses
Rs. 6000/-p.m. as driver expenses
Rs. 2000/- p.m. as Telephone expenses

My query is how much amtount will be taxable p.m. out of this as perquisites?

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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28 September 2010 Can u tell who is the owner of the car ?

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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28 September 2010 If employee is the Owner.

Rs. 8000/-p.m. as fuel & maintennce
expenses = 6200/- p.m taxable if car is
upto 1.6 CC. &
5600/- p.m taxable if car is
above 1.6 CC.

Rs. 3000/-p.m. as attire expenses = 3000/-
taxable

Rs. 6000/-p.m. as driver expenses = 5100/-
taxable

Rs. 2000/- p.m. as Telephone expenses =
NIL taxable

paresh golatkar

paresh golatkar (Querist)
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28 September 2010 What if employee are submitting the bills against these expenses? then what would be the taxable amt

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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28 September 2010 Presently, no such provision like if the employee submit the bills

If the employee is using the car for fully offical use only, the bills are considered otherwise you need to considered as replied by Mr.Subhash

In case car is used for fully private purpose, no exemption

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