Car perquisite

hi,

over and above CTC, car perquisite is applicable at a time of resignation.
Replies (1)

There is no specific "resignation-based" car perquisite tax rule. A car perquisite is a recurring benefit taxed during the term of employment based on usage and engine capacity. Any tax implication at the time of resignation would arise only if you receive a special benefit, such as the transfer of car ownership or a final settlement adjustment, which would then be valued as a perquisite under the standard Income Tax provisions.

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