Perquisite (Fringe Benefits) Value Calculator for AY 2010-11

For Salaried Class Income Tax Payers

Valuation of Perquisites (Fringe Benefits) 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. Please Click Here for the exemption levels for various perquisites provided by employers.

Calculate Perquisite Value of Residential Accommodation
Calculate Perquisite Value of Interest Free or Concessional Loan Facility
Calculate Perquisite Value of services of sweeper, gardener, watchman or personal attendant
Calculate Perquisite Value of supply of gas, electric energy or water
Calculate Perquisite Value of Transfer of Movable Assets
Calculate Perquisite Value of use of Motor Car / Any other vehicle
Calculate Perquisite Value of Other Perquisites
Summary - Total Perquisite Value
1. Calculation of Perquisite Value 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
2. Calculation of Perquisite Value 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 RatePerquiste Value
Total Perquisite Value of Interest Free / Concessional Rate Loans
3. Calculation of Perquisite Value of services of sweeper, gardener, watchman or personal attendant
Monthly Salary paid / payable to Monthly Deduction from the EmployeeNo. of months Services providedPerquisite Value
Sweeper
Gardener
Watchman
Personal Attendant
Total
4. Calculation of Perquisite Value 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
5. Calculation of Perquisite Value 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
6. Calculation of Perquisite Value of use 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.
Perquisite Value per month
Perquisite Value for the Year
7. Valuation 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. Perquisite Value of Residential Accommodation
2. Perquisite Value of Interest Free or Concessional Loan Facility
3. Perquisite Value of services of sweeper, gardener, watchman or personal attendant
4. Perquisite Value of supply of gas, electric energy or water
5. Perquisite Value of Transfer of Movable Assets
6. Perquisite Value of use of Motor Car / Any other vehicle
7. Perquisite Value of Other Perquistes
Total Perquisite value chargeable to tax
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