https://www.taxtmi.com/manuals?id=879 Valuation of perquisite in respect of motor car depends on ownership, nature of use, engine capacity, and whether running and maintenance expenses are borne by the employer or reimbursed to the employee. Where a motor car owned or hired by the employer is used wholly and exclusively for official duties, the perquisite value is nil if detailed journey records are maintained and the employer certifies official use. Where the car is used wholly for personal purposes, the perquisite is computed from actual expenses, chauffeur salary if any, depreciation or hire charges, and amounts recovered from the employee. en-us Fri, 07 Aug 2015 15:46:00 +0530 Thu, 02 Apr 2026 14:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=879 Valuation of perquisite in respect of motor car depends on ownership, nature of use, engine capacity, and whether running and maintenance expenses are borne by the employer or reimbursed to the employee. Where a motor car owned or hired by the employer is used wholly and exclusively for official duties, the perquisite value is nil if detailed journey records are maintained and the employer certifies official use. Where the car is used wholly for personal purposes, the perquisite is computed from actual expenses, chauffeur salary if any, depreciation or hire charges, and amounts recovered from the employee. Manuals Income Tax Fri, 07 Aug 2015 15:46:00 +0530 https://www.taxtmi.com/manuals?id=879