Mr. Gupta is given a motor car with chauffeur by the employer which is used for both official and personal purposes. The entire running expenses of the car amounting to ₹ 64,800 were met by the employer in the previous year 2020-21. The cubic capacity of the engine of the motor car exceeds 1.6 liters. The perquisite value of motor car taxable in the hands of Mr. Gupta is:

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Question:Mr. Gupta is given a motor car with chauffeur by the employer which is used for both official and personal purposes. The entire running expenses of the car amounting to ₹ 64,800 were met by the employer in the previous year 2020-21. The cubic capacity of the engine of the motor car exceeds 1.6 liters. The perquisite value of motor car taxable in the hands of Mr. Gupta is:

1.₹ 19,200

2.₹ 39,600

3. ₹ 28,800

4. ₹ 64,800

Posted by R4R Team
  1. Mr. Gupta is given a motor car with chauffeur by the employer which is used for both official and personal purposes. The entire running expenses of the car amounting to ₹ 64,800 were met by the employer in the previous year 2020-21. The cubic capacity of the engine of the motor car exceeds 1.6 liters. The perquisite value of motor car taxable in the hands of Mr. Gupta is:
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