Depreciation of car amount from income tax of india

I am working in a MNC and i am getting montly salary, i f  i get monthly salary i cannot claim this ? Please let me know

If u are a salaried person then u can not claim the depreciation.

Thanks, Sunil.

Depreciation on motor car can be claimed only if u run ur business & profession and such vehicle is used in the said business. Salaried person cannot claim depreciation on vehicle.

yes under the head of business and profession  u r eligible for depriciation.bt u may have to take depriciation on proportionate basis by taking into consideration the presonal use of car too.

 R u being reimbursed by the company as in the form of perquisite?

no i dont have any reiumbursement from the company.

Hi Kundan.. You cannot claim depreciation on car since you are a salaried person. The only way to save tax for you is to invest in tax saving schemes upto Rs. 100,000/-