The benefit arising from the provision of a motor vehicle to an employee for private use is a profit from employment.
Travelling by an employee between his residence to the place of office and vice-versa is deemed to be private travelling.
The value of the monthly benefit from the private use of any motor vehicle is based on the cylinder capacity of the vehicle, along with the provision of driver and fuel.
As per the Circular issued by the CGIR, the benefit is assessed as being the full amount of the market value of the vehicle.
Web page updated on 17 Mar 2025 15:22
