Perquisites - Use of Motor Car - (New) Rule 15(3) / (Old) Rule 3(2)

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....€¢ Mileage • expense incurred • (ii) Employer must certify expenses were incurred wholly and exclusively for official duties. • Clause (b): Motor Car Used Fully for Personal Purposes, whether cubic capacity of engine below or more 1.6 litres or electric vehicle • Perquisite Value = Actual expenses incurred by employer + Chauffeur salary (if any) + Depreciation (normal wear & tear) - Amount recovered from employee • Clause (c): Car is used  for Partly for Official use and Partly for Personal use  • (i) Employer pays all expenses • Engine Capacity Perquisite Value ≤ 1.6L o....

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....vely in the performance of his official duties and cubic capacity of engine below or exceeds 1.6 litres or electric vehicle • Perquisite value will be Nil, Subject to the fulfill the Following condition • (i) Detailed records must be maintained, Includes: • Date of journey • Destination • Mileage • expense incurred • (ii) Employer must certify expenses were incurred wholly and exclusively for official duties. • Clause (b): Car is used  for Partly for Official use and Partly for Personal use • (i) Employer pays all expenses • Engine Capacity Perquisite Value ....

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....ial duties. • Clause (b): Car is used  for Partly for Official use and Partly for Personal use and cubic capacity of engine below 1.6 litres or electric vehicle • Engine Capacity Perquisite Value ≤ 1.6L or Electric Vehicle (Actual amount of expenditure incurred by the employer) - (Rs. 5,000/- per month + Rs. 3000/- per month for Chauffeur, if provided)  • Subject to fulfill the condition • (i) Detailed records must be maintained, Includes: • Date of journey • Destination • Mileage • expense incurred • (ii) Employer must certify expenses were incur....

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....is provided   OR Higher sum as recorded by logbook by employer • Amount recovered from the employee (if any) Car is owned/ hired by the employer and expenses met by the employer Actual Expenses by employer Add: Depreciation (10% of the actual cost of car) / hire charges (if car is hired)  Less: Amount recovered from the employee Not a perquisite (See Note-1) • If car engine capacity ≤ 1600cc, perquisite is 1,800 p.m. + 900 p.m. if driver is provided • If car engine capacity > 1600cc, perquisite is 2,400 p.m. + 900 p.m. if driver is provided Note: Nothing is deductible in respect of any amount recovered from employee. Car is owned/ hired by the employer and e....