Salary-perquisites
This query is : Resolved
Sandeep Shetty
(Querist)
15 May 2013
HELP PLZ....
ONE OF MY CLIENT IS WORKING IN A COMPANY, WHICH PROVIDES MOTOR CAR FACILITY TO EMPLOYEE , THE CAR IS HIRED BY THE EMPLOYER AND THE HIRING CHARGES ARE PAID DIRECTLY BY THE EMPLOYER.
AND IN CASE OF PETROL EXPENSE AND DRIVER SALARY, THE EMPLOYEE PAYS THE SAME AND THE EMPLOYER REIMBURSES IT.
WOULD THE ABOVE, MOTOR CAR FACILITY, DRIVERS SALARY & PETROL EXPENSES WILL BE TAXABLE AS PERQUISITES.??
THANKS IN ADVANCE
ONE OF MY CLIENT IS WORKING IN A COMPANY, WHICH PROVIDES MOTOR CAR FACILITY TO EMPLOYEE , THE CAR IS HIRED BY THE EMPLOYER AND THE HIRING CHARGES ARE PAID DIRECTLY BY THE EMPLOYER.
AND IN CASE OF PETROL EXPENSE AND DRIVER SALARY, THE EMPLOYEE PAYS THE SAME AND THE EMPLOYER REIMBURSES IT.
WOULD THE ABOVE, MOTOR CAR FACILITY, DRIVERS SALARY & PETROL EXPENSES WILL BE TAXABLE AS PERQUISITES.??
THANKS IN ADVANCE
CMA Ramesh Krishnan
(Expert)
04 July 2013
Yes, car provided to employee is taxable perquisite, refer the perquisite valuation rules u/s.17
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