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"Perquisite Valuation Of Car For Office And Personal Use"

On and from the financial year 2009-2010 the Fringe Benefit Tax has been abolished and therefore addition would be made on account of this perquisite.

Thus, broadly speaking, a sum of 1,800 per month or 2,400 per month would be added as the value of such perquisite depending on the fact whether the C.C. of the engine is upto 1.6 litres or more.

Further, if a chauffeur is provided with the motor car, an additional sum of 900 per month would be added as the value of the perquisite.

Related Topics .... Salary-Perquisites

 

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