Dear Experts,
One of the employer is providing mobile for its employees for official and personal use.
Will there perquisites applicable as it is movable asset.
Thanks,
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Value of perquisite
Replies (1)
If your employer provides a mobile phone for both official and personal use and retains ownership, it is generally not taxable as a perquisite. Additionally, any reimbursement of mobile/internet bills provided against actual bills for business purposes is fully tax-exempt. However, if you receive a fixed monthly "telephone allowance" without the requirement to submit bills, that fixed amount is treated as salary and is fully taxable.
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