Perquisite
This query is : Resolved
28 September 2010
We are reimbursing following exp against submission of bills to one of our employee as salary part. Usage of car is for both personal & official use.
Rs. 8000/-p.m. as fuel & maintennce
expenses
Rs. 3000/-p.m. as attire expenses
Rs. 6000/-p.m. as driver expenses
Rs. 2000/- p.m. as Telephone expenses
My query is how much amtount will be taxable p.m. out of this as perquisites?
Rs. 8000/-p.m. as fuel & maintennce
expenses
Rs. 3000/-p.m. as attire expenses
Rs. 6000/-p.m. as driver expenses
Rs. 2000/- p.m. as Telephone expenses
My query is how much amtount will be taxable p.m. out of this as perquisites?
28 September 2010
Can u tell who is the owner of the car ?
28 September 2010
If employee is the Owner.
Rs. 8000/-p.m. as fuel & maintennce
expenses = 6200/- p.m taxable if car is
upto 1.6 CC. &
5600/- p.m taxable if car is
above 1.6 CC.
Rs. 3000/-p.m. as attire expenses = 3000/-
taxable
Rs. 6000/-p.m. as driver expenses = 5100/-
taxable
Rs. 2000/- p.m. as Telephone expenses =
NIL taxable
Rs. 8000/-p.m. as fuel & maintennce
expenses = 6200/- p.m taxable if car is
upto 1.6 CC. &
5600/- p.m taxable if car is
above 1.6 CC.
Rs. 3000/-p.m. as attire expenses = 3000/-
taxable
Rs. 6000/-p.m. as driver expenses = 5100/-
taxable
Rs. 2000/- p.m. as Telephone expenses =
NIL taxable
28 September 2010
What if employee are submitting the bills against these expenses? then what would be the taxable amt
28 September 2010
Presently, no such provision like if the employee submit the bills
If the employee is using the car for fully offical use only, the bills are considered otherwise you need to considered as replied by Mr.Subhash
In case car is used for fully private purpose, no exemption
If the employee is using the car for fully offical use only, the bills are considered otherwise you need to considered as replied by Mr.Subhash
In case car is used for fully private purpose, no exemption
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