you will be voted according to your given Answer,

Mr. Piyush has been provided a car (1.5 ltr.) on 15/7/2018. The cost of car to the employer was 6,00,000 and maintenance cost incurred by employer 20,000 p.a. Chauffeur salary paid by employer (Mr. Ratan) 4,000 pm The car is 40% used for office and 60% for personal purpose. Charges paid by employee for such facility 5,000 p.a. Find taxable value of perquisite. Taxable value of perquisite Particulars Details Amount () 14.400 Car Driver * 1.800 x 8 * 900 x 8 7,200 Taxable Perquisite 21,600 f25 1. 2 A part of month shall not be considered for this purpose. Whenever statutory value is taken as taxable value of perquisite then amount charged from employee shall not be subtracted In. Vinsam being a Government employee has a car (1.7 ltr.) used for office as wel as for personal purpose. During the year, he incurred 40,000 on maintenance and 20,000 on driver's salary. The entire cost is reimbursed by employer. Find taxable perquisite Taxable perquisite in the hands of Mr. Vikram As the car is owned by the assessee & maintained by the employer, taxable value of perquisite shall be - Actual expenditure incurred by the employer as reduced by 2,400 p.m. (n case of 1.7 ltr.) and 900 p.m. for driver's salary. Hence, taxable amount shall be 60,000 Amount reimbursed by employer 40.000 + 20,000) Less: Deduction for the amount used for office purpose 2.400 +3900) x 12 39,600 Taxable amount * 20,400 ILLUSTRATION 24 Wasim has a car (1.5 ltr.) used for office as well as for personal purpose. During the year car is used 80% for business purpose being certified by the employer. During the year, he incurred 50,000 on maintenance and running of such car. The entire cost is reimbursed by the employer. Find taxable perquisite if assessee wish to claim higher deduction, when - (a) A proper log book is maintained: (b) A proper log book is not maintained