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Perquisite (Fringe Benefits) Taxable Value Calculator for AY 2010-11

Vikas Gupta (CHARTERED ACCOUNTANT) (16295 Points)

23 December 2010  

 

Perquisite (Fringe Benefits) Taxable Value Calculator for AY 2010-11

For Salaried Income Tax Payers

Valuation of Perquisites (Fringe Benefits) in terms of Notification No. 94/2009/ F.No.142/25/2009-S O (TPL), dated 18-12-2009, for the purpose of computing the income chargeable under the head Salaries with effect from 1st April 2009.

Note: This calculator calculates Perquisite Value presuming that the amount entered by you is taxable and with standard rates. Please Click Here to view the exemption levels for various perquisites provided by employers as per the above noted Notification.

1. Calculation of Taxable Value of Perquisite of Residential Accommodation

Select the type of your Residential Accommodation
Accommodation provided to Govt. Employees
Accommodation provided to Non Govt. Employees
Leased Accommodation provided to Non Govt. Employees
Hotel Accommodation provided by the Employer
2. Calculation of Taxable Value of Perquisite of Interest Free or Concessional Rate Loan Facility
Loan Particulars Loan Amount at the beginning of the year Monthly Repayment ( EMI ) Interest Charged during the year SBI Advance Rate Perquiste Value
Loan 1
Loan 2
Loan 3
Loan 4
Total Taxable Value of Perquisite of Interest Free / Concessional Rate Loans
3. Calculation of Taxable Value of Perquisite of services of sweeper, gardener, watchman or personal attendant
  Monthly Salary paid / payable Monthly Deduction from the Employee No. of months Services provided Perquisite Value
Sweeper
Gardener
Watchman
Personal Attendant
Total Taxable Value
4. Calculation of Taxable Value of Perquisite of supply of gas, electric energy or water
Facility Provided Quantity Cost Per Unit
to the Employer
Deduction from
the Employee
Perquisite Value
Supply of Gas
Supply of Electric Energy
Supply of Water
Total Taxable Value
5. Calculation of Taxable Value of Perquisite of Transfer of Movable Assets
Type of Asset Cost of the Asset Age of the Asset
in completed years
Deduction from
the Employee
Perquisite Value
Electronic & Computer Items
Motor Cars
Other Assets
Total Taxable Value
6. Calculation of Taxable Value of Perquisite of Motor Car / Any other vehicle
Select as applicable Vehicle is Owned / Hired by the Employer
Vehicle is owned by the Employee
Total Running and Maintenance expenses born by the Employer
Running and Maintenance expenses for private use born by the Employee
The Engine Capacity of the vehicle is upto 1600 CC
The Engine Capacity of the vehicle is above 1600 CC
any other automotive conveyance owned by employee but the actual running and maintenance charges are met or reimbursed by the employer
Services of chaffeur provided by the employer
Services of chaffeur not provided by the employer
The vehicle is used only for official duties
The vehicle is used for official duties and also for personal use of the employee
Amount incurred by the Employer on running and maintenance of the vehicle or reimbursed / paid to the Employee ( Fill if applicable )
Amount deducted from the Employee ( Fill if applicable )
If the motor car / vehicle is provided by the employer for exclusive personal use of the employee / his family member(s), the perquisite value is actual amount of expenditure incurred by the employer on the running and maintenance of motor car / vehicle during the relevant previous year including remuneration, if any, paid by the employer to the chauffeur as increased by the amount representing normal wear and tear of the motor car and as reduced by any amount charged from the employee for such use.
Taxable Value per month
Taxable Value for the Year
7. Taxable Value of Other Perquisites
Perquisite Amount Incurred by Employer during the year Amount Recovered from Employee during the year Perquisite Value
Free/Concessional Educational Facility
Travelling, Touring Accommodation etc.
Free Food and Non-alcoholic beverages
Any Gift or Voucher or Token
Membership Fees, Annual Fees for Credit Card
Membership of Clubs
Use of Movable Assets
Any Other Benefit or Amenity, Service, Right or Privilege
Total
Total Perquisite Value
1. Taxable Value of Perquisite of Residential Accommodation
2. Taxable Value of Perquisite of Interest Free or Concessional Loan Facility
3. Taxable Value of Perquisite of services of sweeper, gardener, watchman or personal attendant
4. Taxable Value of Perquisite of supply of gas, electric energy or water
5. Taxable Value of Perquisite of Transfer of Movable Assets
6. Taxable Value of Perquisite of use of Motor Car / Any other vehicle
7. Taxable Value of Perquisite of Other Perquistes
Taxable Value of Perquisites chargeable to tax

 19 Replies

Nikhil Kothari (Chief Consultant at Nikhil & Naresh Auditors & Consultants)   (4466 Points)
Replied 23 December 2010

Excellent.... Hats off to you... Bookmarked...

Hardik Dave (IPCC and CS Professional(FINAL) Student)   (15528 Points)
Replied 23 December 2010

Realy great work,thanku saritha and vikas, great work ,amazing friend

Ravi Gupta (Student of CA-IPCC CS and M.COM)   (243 Points)
Replied 23 December 2010

It's amazing my friend..
Hats off to you..
Very very useful..
You rock the forum..

Ravikant (Accountax) (6277 Points)
Replied 23 December 2010

BOOKMARKED!!

Manmohan ACA, CS (Chartered Accountant ) (14243 Points)
Replied 23 December 2010

 really very nice and helpful

Ankur Garg (Company Secretary and Compliance Officer)   (114654 Points)
Replied 23 December 2010

Hmmmmm.....it's good....

Thanks for sharing !!!

CMA. CS. Sanjay Gupta ("PROUD TO BE AN INDIAN")   (114102 Points)
Replied 23 December 2010

You are in Top form....keep it up.....

CS LLB Pulkit Gupta (https://www.facebook.com/pages/Life-and-Promises/553962034682487)   (16631 Points)
Replied 23 December 2010

Bookmarked

CA. SANAT PYNE (F.C.A. & M.COM) (16757 Points)
Replied 23 December 2010

REALLY WONDERFUL................

Karan (CA) (207 Points)
Replied 23 December 2010

Really Superb .......

Misha (CCI STUDENT.....) (773 Points)
Replied 23 December 2010

VERY USEFUL POST........THANKS FOR SHARING.

BOOKMARKED...!!!!!!!!!

Santhosh Poojary (SIEMPRE AHÍ PARA TI) (15587 Points)
Replied 23 December 2010

Very helping. Bookmarked.

B. Umapathy (student) (405 Points)
Replied 23 December 2010

excellent.  Bookmarked.


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