Example:-X is employed by a company. He has been provided a car (1200cc) owned by employer, cost of the car is 4,26,000. The expenditure incurred by the company on maintenance of the car are – petrol: 46,000, driver: 36,000 and maintenance: 10,000. The car can be used by X partly for official purposes partly for personal purposes. A sum of 12,000 is recovered from X.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....: 46,000, driver: 36,000 and maintenance: 10,000. The car can be used by X partly for official purposes partly for personal purposes. A sum of 12,000 is recovered from X.<br>Salary - Perquisites - Mot....