How are you all? I am C.S.
Shreya Gupta and I welcome you all to a new episode of
Dharamvayee whose name is Income Under the Head Salaries.
This topic has become very interesting.
We have taken it to a new level.
Now if someone asks us if an employer can give this to his
employee, our answer is yes.
After that we check if he is taxable or exempt.
We have already talked about allowances. We were also
talking about perquisites.
We have a few perquisites left. We will finish them in one
or two lectures.
And keep in mind that this lecture is counting its last
breaths. This is the guest of moments.
Friends, I have a very good thought in my mind.
When we start our further studies,
I want you to take this thought process with you.
Friends, if you are struggling in your life, a very
difficult time is going on for you and your family.
You are not able to decide where to go, which direction to
take.
Then believe me, God has His eyes on you.
Sir, what are you saying?
The one who has seen struggle in life, reaches the top. A
king's son is never able to become a king.
And even if he becomes a king, he is not able to sustain it
for a long time.
Always, in any generation, in any field, the ones who have
come from zero, reach the top.
Because they know the value of that light.
The one who has spent his life in darkness, knows the value
of that light.
Friends, you know the value of every penny.
You will never waste your money. You have taken this course
for your betterment.
You have taken this course to further expand your education.
Never underestimate yourself. It is a matter of time. It is
a matter of 1-2 years.
It is a matter of 1-2 years, when you will also reach the
peak of your life.
Don't be afraid. Always have courage, friends. Have
confidence.
In bad times, only confidence decides where we will go.
If our confidence is shaken, then what is left with us?
Knowledge and confidence. It will take you where even your
imagination can't go.
Okay, friends? With this, I will start today's new topic.
What is the new topic? First of all, I want to ask you a
question.
Can an employer give a car to his employee?
He is saying, sir, stop it. He can. He can. He can. I know
everything.
Okay, brother. Why are you making noise? I know. I am just
having fun.
An employer can give a car to his employee. He can give the
whole car company.
He can give the showroom. We have to check what is taxable
and what is exempt.
Sir, it is a simple thing. It is a matter of common sense.
It is a prerequisite. It is a benefit.
Giving a car facility to your employee is a benefit.
Assume that the employee uses the car for official purposes.
What does official purpose mean?
Assume that a person works in sales.
And the company says, wear good clothes and go to the
client.
This will increase the impression.
Don't wear dirty clothes.
Wear good clothes and go to the client.
Earlier, the employee used to go by bike or bus.
So, his clothes used to get dirty.
So, the employer said, do one thing.
This is the company's car. So, go in the company's car.
Plan everything and go.
Your clothes will also be clean.
He said, okay.
Now, the car is given by the employer for official purposes.
So, in this case, should we tax the employee?
Think logically.
Is the employee using the car for his personal benefit?
No, he is not.
He is using the car for official purposes.
When he leaves the office with the car, he says, I left
with the car.
But where is the car going?
It is going for official purposes.
In that case, the value of the car will be exempted.
In that case, the value will not be taxable.
It is for official purposes.
So, it will not be taxable.