Now understand the second case.
The employer is so kind to his employee that he told him to
keep the official car and keep the personal car for his own
use.
Don't make him work in the office with this car.
We have already given you a car for office work which is
exempt in your hands.
This is the second car.
Use this second car for your personal purposes.
The employer is so kind to his employee.
First tell me, can the employer give his employee a car for
personal use?
The answer is yes.
Now we have to see what is taxability and exempt.
Now understand this case.
The employer gave his employee a car for personal purposes.
The employee opened the roof of the convertible car and
took it to his wife.
He told her to take it for a ride.
Then he opened the roof and said,
I will talk to you politely.
When I look into your eyes and talk to you,
I am not the boy who studies with you.
You remember all the lyrics.
You remember all the songs word by word.
I am thinking what are you doing here?
Why don't you try in Bollywood?
Sir, why are you embarrassing us?
Why are you doing this to us?
Okay, the concept is done.
Guys, serious.
I am saying, for personal purposes, the employer gave his
employee a car.
You do your personal work.
Don't come to the office with this.
So in that case, should it be taxable in the hands of the
employee?
Or not?
You got the personal benefit.
It is not for the office.
If it is a personal benefit, what will happen in his hands?
Taxable.
Now the question is, what if it is taxable?
But how much should we do?
How much taxable should we do?
First of all, what do you have?
A car.
Friends, you have a car.
First of all, you have to put the value of the car.
If you want to make it taxable.
We are talking about the car.
Suppose this is your car.
This is your car.
There is an antenna at the back.
What drawing have you made?
This is it.
What to do?
My drawing was a little short in the drawing lecture.
So let's talk about this.
First of all, we have a car.
We have to put its value.
To make it taxable in the hands of the employee.
Now what is its value?
The government says, there can be two cases.
If the employer has given the employee a car, then either
the employer had the car himself, or he had taken it on
rent from someone.
So if it is his own car, then what is the 10% of the cost?
And if he has taken it on rent from someone, then take the
higher charges.
Is the point clear?
Actually, the employer who will give higher charges, the
amount of rent he pays for that car, take that cost.
Now suppose the employer is so kind to his employee, that
he says, son, you keep a driver also.
Driver also?
Yes, keep a driver also.
So in that case, it is a personal car.
And to drive a personal car, he has given a personal driver
also.
It is nothing official.
It is not for official work.
Personal car and personal driver.
So in the hands of the employee, taxable.
Now how to make the driver taxable?
How to find out the value?
What is the value of the driver?
It is a simple thing.
Check the driver's salary.
Whatever the driver's salary will be, it will be in the
hands of the employee.
Taxable.
Driver's salary.
Now suppose the third thing.
The car is in the hands of the employee, the driver is also
in his hands.
Now he is thinking that if the employer also pays the
petrol cost, then life will be set.
And I will sing a song,
I left with the car.
So in that case,
I went to my employer and asked him, that will you also pay
me the petrol cost?
The employer said, the one who has given the problem, he
will also give the solution.
And the one who has given you the car and the driver, he
will also give you the petrol.
So in that case, petrol is being given for what?
Personal car and with the personal driver, he is getting a
personal car to drive, a personal petrol.
So the cost of petrol, the cost of petrol, that is taxable
in the hands of the employee.
So the expenses of running and maintenance, running and
maintenance, that is also taxable in his hands.
What will happen to all this?
It will be taxable in the hands of the employee.
Why? Because it is being given for personal purposes.
It is not being given for official purposes.