The Employer provides a car (below 1600 cubic capacity) along with a driver to his employee who uses the car partly for official and partly for personal purpose. The expenses are incurred by the employee. The taxable value of perquisite is:
A. ₹ 3,2,400
B. ₹ 39,600
C. ₹ 18,000
D. ₹ 21,600
Answer:C
The Employer provides a car (below 1600 cubic capacity) along with a driver to his employee who uses the car partly for official and partly for personal purpose. The expenses are incurred by the employee. The taxable value of perquisite is:
A. ₹ 3,2,400 B. ₹ 39,600 C. ₹ 18,000 D. ₹ 21,600