https://www.taxtmi.com/manuals?id=891 Taxable perquisite arises when an employer transfers a movable asset to an employee or household member, including at a concessional price. The value is computed by reducing the cost of the asset by depreciated value and the amount paid by the employee. Depreciation is applied on a reducing-balance basis at 50% for computers and electronic items, 20% for motor cars, and 10% for other assets, for each completed year of use. The earlier rule similarly values the transfer by deducting depreciation and consideration recovered from the employee. en-us Fri, 07 Aug 2015 16:02:00 +0530 Fri, 03 Apr 2026 15:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=891 Taxable perquisite arises when an employer transfers a movable asset to an employee or household member, including at a concessional price. The value is computed by reducing the cost of the asset by depreciated value and the amount paid by the employee. Depreciation is applied on a reducing-balance basis at 50% for computers and electronic items, 20% for motor cars, and 10% for other assets, for each completed year of use. The earlier rule similarly values the transfer by deducting depreciation and consideration recovered from the employee. Manuals Income Tax Fri, 07 Aug 2015 16:02:00 +0530 https://www.taxtmi.com/manuals?id=891