If an employer who is engaged in the carriage of passengers or goods provides the facility of personal/ private journey either free of cost or at concessional rate to any employee or to any member of his household, the value of perk shall be taken to be the value at which such benefit or amenity is offered by such employer to the public.
However, if employer charges/recovers any amount from the employee for such facility then such amount shall be deducted while calculating the value of perk.
Value of Perk = [ Normal freight or fare chargeable from public ] - [Amount charged/recovered from employee ]
In case this facility is provided to an employee of railways and airlines, nothing shall be chargeable to tax.
Conveyance facility provided to the employee for journey between office and his residence is also not chargeable to tax.
Note. The facility of private/personal journey to employee may be provided in any conveyance whether owned by employer or taken on lease by employer.