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Perquisite Taxable Value Calculator by Finotax

For Salaried Income Tax Payers

Valuation of Perquisites in terms of Notification No. 94/2009/ F.No.142/25/2009-S O (TPL), dated 18-12-2009, for the purpose of computing the income chargeable under the head Salaries with effect from 1st April 2009.

Note: This calculator calculates Perquisite Value presuming that the amount entered by you is taxable and with standard rates.


1. Calculation of Taxable Value of Perquisite of Residential Accommodation
Select the type of your Residential Accommodation
Accommodation provided to Govt. Employees
Accommodation provided to Non Govt. Employees
Leased Accommodation provided to Non Govt. Employees
Hotel Accommodation provided by the Employer

Calculation of Taxable Value of Perquisite of Residential Accommodation provided by Govt. Employer
Monthly Licence Fee of the Accommodation
Monthly Deduction from Employee for the Accommodation
If furnished and furnishings are owned by employer, Cost of furnishings
If furnished and furnishings are hired by employer, Monthly hire charges of the furnishings
Deduction from the Employee for furnishings
Number of months the accommodation occupied
Perquisite Value of the Residential Accommodation
Perquisite Value of the Furnishings
Total Perquisite Value

Calculation of Taxable Value of Perquisite of Residential Accommodation provided by Non Govt. Employer
Your Monthly Salary
Population of the Centre where accommodation provided as per 2001 Census
Monthly Deduction from the Employee for the Accommodation
If furnished and furnishings are owned by employer, Cost of furnishings
If furnished and furnishings are hired by employer, hire charges of the furnishings
Monthly deduction from the Employee for the Furnishings
Number of months the accommodation occupied
Perquisite Value of the Residential Accommodation
Perquisite Value of the Furnishings
Total Perquisite Value
Calculation of Taxable Value of Perquisite of Leased Residential Accommodation provided by Non Govt. Employer
Your Monthly Salary
Monthly Lease Rent of the Accommodation
Monthly deduction from the Employee for the Accommodation
If furnished and furnishings are owned by employer, Cost of furnishings
If furnished and furnishings are hired by employer, Monthly hire charges of the furnishings
Monthly deduction from the Employee for the Furnishings
Number of months the accommodation occupied
Perquisite Value of the Residential Accommodation
Perquisite Value of the Furnishings
Total Taxable Value of Perquisite the Residential Accommodation
Calculation of Taxable Value of Perquisite of Hotel Accommodation provided by the Employer
No perquisite would arise, if the employee is provided such accommodation on transfer from one place to another for a period of 15 days or less.
Your Monthly Salary
Monthly Hotel Charges paid by the Employer
Monthly Deduction from the Employee for the Accommodation
Number of months the accommodation occupied
Taxable Value of Perquisite of Residential Accommodation
2. Calculation of Taxable Value of Perquisite of Interest Free or Concessional Rate Loan Facility
Loan ParticularsLoan Amount at the beginning of the yearMonthly Repayment ( EMI )Interest Charged during the yearSBI Advance RatePerquisite Value
Loan 1
Loan 2
Loan 3
Loan 4
Total Taxable Value of Perquisite of Interest Free / Concessional Rate Loans

3. Calculation of Taxable Value of Perquisite of services of sweeper, gardener, watchman or personal attendant
Monthly Salary paid / payableMonthly Deduction from the EmployeeNo. of months Services providedPerquisite Value
Sweeper
Gardener
Watchman
Personal Attendant
Total Taxable Value
4. Calculation of Taxable Value of Perquisite of supply of gas, electric energy or water
Facility ProvidedQuantityCost Per Unit
to the Employer		Deduction from
the Employee		Perquisite Value
Supply of Gas
Supply of Electric Energy
Supply of Water
Total Taxable Value

5. Calculation of Taxable Value of Perquisite of Transfer of Movable Assets
Type of AssetCost of the AssetAge of the Asset
in completed years		Deduction from
the Employee		Perquisite Value
Electronic & Computer Items
Motor Cars
Other Assets
Total Taxable Value

6. Calculation of Taxable Value of Perquisite of Motor Car / Any other vehicle
Select as applicable Vehicle is Owned / Hired by the Employer
Vehicle is owned by the Employee
Total Running and Maintenance expenses born by the Employer
Running and Maintenance expenses for private use born by the Employee
The Engine Capacity of the vehicle is upto 1600 CC
The Engine Capacity of the vehicle is above 1600 CC
any other automotive conveyance owned by employee but the actual running and maintenance charges are met or reimbursed by the employer
Services of chaffeur provided by the employer
Services of chaffeur not provided by the employer
The vehicle is used only for official duties
The vehicle is used for official duties and also for personal use of the employee
Amount incurred by the Employer on running and maintenance of the vehicle or reimbursed / paid to the Employee ( Fill if applicable )
Amount deducted from the Employee ( Fill if applicable )
If the motor car / vehicle is provided by the employer for exclusive personal use of the employee / his family member(s), the perquisite value is actual amount of expenditure incurred by the employer on the running and maintenance of motor car / vehicle during the relevant previous year including remuneration, if any, paid by the employer to the chauffeur as increased by the amount representing normal wear and tear of the motor car and as reduced by any amount charged from the employee for such use.
Taxable Value per month
Taxable Value for the Year

7. Taxable Value of Other Perquisites
PerquisiteAmount Incurred by Employer during the yearAmount Recovered from Employee during the yearPerquisite Value
Free/Concessional Educational Facility
Travelling, Touring Accommodation etc.
Free Food and Non-alcoholic beverages
Any Gift or Voucher or Token
Membership Fees, Annual Fees for Credit Card
Membership of Clubs
Use of Movable Assets
Any Other Benefit or Amenity, Service, Right or Privilege
Total

Total Perquisite Value
1. Taxable Value of Perquisite of Residential Accommodation
2. Taxable Value of Perquisite of Interest Free or Concessional Loan Facility
3. Taxable Value of Perquisite of services of sweeper, gardener, watchman or personal attendant
4. Taxable Value of Perquisite of supply of gas, electric energy or water
5. Taxable Value of Perquisite of Transfer of Movable Assets
6. Taxable Value of Perquisite of use of Motor Car / Any other vehicle
7. Taxable Value of Perquisite of Other Perquisites
Taxable Value of Perquisites chargeable to tax

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