Taxability of Perquisites
Querist : Anonymous
Can you please let me know taxability of perquisites in following cases.
On employee is getting fixed car allowance of 8000/- per month
One employee is getting Car reimbursement of 8000/- per month.
One employee is getting computer assistance (For buying computer or laptop) of 40000/- one time from company of which 2000/- per month gets deducted from his salary for 12 month and balance is not be paid if he remains in company for 12 months or else all the amount is recovered. Now in this case should the balance 16000/- be added to perquisites if yes in which month?
Car rimbursement is exempted Rs.1200 for car having 1.6 ltrs capacity and Rs.1600 for car having more than 1.6 ltrs capacity
plus Rs.600 for the driver salary
Rs.16000 is the taxable perqusites in the month of purchase of computer
Querist : Anonymous
Querist : Anonymous
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