Car Facility
Car facility is used for fully office purpose- Fully Exempt
Car is used for personal purpose
Car is owned by employer
| Car is owned by Employer | 10% of Cost |
| Driver’s Salary (If paid by Employer) | xxx |
| Running & Maintenance charges (If paid by Employer) | xxx |
| Total Perquisites | xxxx |
If car is Hired by employer
| Car is Hired by Employer | Hire charges |
| Driver’s Salary (If paid by Employer) | xxx |
| Running & Maintenance charges (If paid by Employer) | xxx |
| Total Perquisites | xxxx |
Car is owned by employee
>>>> Running and Maintenance charges paid by Employee then no tax
>>>> Running and Maintenance charges paid by Employer
Car owned by Employer
1. Running and Maintenance charges by paid employee then taxable amount is
- For up to 1600cc- 600 per month
- For more than 1600c -900 per month
2. Running and Maintenance charges by paid employer then taxable amount is
- For up to 1600cc – 1800 per month
- For more than 1600cc – 2400 per month
