Income Tax Rules, 2002

CHAPTER-II

DETERMINATION OF INCOME HEADS OF INCOME 1[PART-l: SALARY

From: 2023-11-01 - To: 0000-00-00 5. Valuation of conveyance.- The value of conveyance provided by the employer to the employee shall be taken equal to an amount as below:- (i) Partly for personal and partly for official use 5% of: (a) the cost to the employer for acquiring the motor vehicle; or, (b) the fair market value of the motor vehicle at the commencement of the…