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.

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..... 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.
Salary - Perquisites - Moto .....

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..... 2,400 If in the above example the car is used only for private purposes then, the value of perquisites will be determined as follows: Depreciation (10% of 4,26,000) 42,600 Petrol 46,000 Driver 36, .....

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