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Perquisites - bike

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(Querist)
24 January 2014 If an employer transfers a company owned bike for free to employee earning more than rs.50k as salary after 5 years of his service, how will the perk be taxed. what % should I depreciate the bike and on what method for calculating the perk? is it 10%?
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@VaibhavJ

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@VaibhavJ (Expert)
24 January 2014 Hi

It will be taxable perk.

Dep to be charged @ 10% p.a. for every completed years of purchase of as assets under w.d.v. method.

Thx
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