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Car perks

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(Querist)
28 October 2014 if I m eligible for car from my company. .but I choose to have car cost in cash in my salary...ie car cost/60 mths. ..then whether it is taxable fully to me
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
28 October 2014 The sum received by you is taxable under the head Income from Salary.
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@VaibhavJ

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@VaibhavJ (Expert)
28 October 2014 Yes, amount so received is fully taxable perquisite.
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