Company Car Perquisite Calculator
Taxable value of an employer-provided car under Rule 3 — engine capacity, driver and usage drive the perk value.
Formula
A company car is one of the most tax-efficient perks: the taxable perquisite (₹1,800-2,400/month + ₹900 driver) is a fraction of the actual benefit when the employer bears running costs. Compare this perk value against a cash allowance taxed at your full slab — the car usually wins handily.
Not tax advice. Not financial advice — for informational and analytical use only. Verify all figures with a qualified professional before acting on them.
Disclaimer: This tool is for general informational and estimation purposes only and is not professional financial, tax, accounting or legal advice. All figures are estimates — verify with a qualified professional before making decisions. Read the full disclaimer.
Need company car perquisite calculator results fast? Analysts, founders, traders and finance professionals use the Company Car Perquisite Calculator to skip the spreadsheet and get a defensible answer in one step — free, private and instant.
About Company Car Perquisite Calculator
Taxable value of an employer-provided car under Rule 3 — engine capacity, driver and usage drive the perk value. A company car is one of the most tax-efficient perks: the taxable perquisite (₹1,800-2,400/month + ₹900 driver) is a fraction of the actual benefit when the employer bears running costs. Compare this perk value against a cash allowance taxed at your full slab — the car usually wins handily. The governing relationship is Rule 3 prescribed values: ₹1,800/₹2,400 per month + ₹900 driver. The Company Car Perquisite Calculator computes entirely in your browser — free, private (your figures never leave your device) and instant, recalculating live as you change any input.
How to use Company Car Perquisite Calculator
- 1Enter Engine capacity, Usage, Driver provided?, Actual running cost (if personal) (₹/yr) into the Company Car Perquisite Calculator.
- 2The result is computed automatically using Rule 3 prescribed values: ₹1,800/₹2,400 per month + ₹900 driver — there is no button to press.
- 3Change any input to model a different scenario, then copy or share the result.
Why use Company Car Perquisite Calculator?
- ✓Computes company car perquisite calculator instantly with the correct formula — no spreadsheet needed
- ✓100% free and unlimited, with no sign-up, login or paywall
- ✓Runs entirely in your browser, so the figures you enter stay private
- ✓Shows the formula, a live worked example and references so you can defend the number
Frequently asked questions
What is the formula behind the Company Car Perquisite Calculator?+
Company Car Perquisite Calculator uses Rule 3 prescribed values: ₹1,800/₹2,400 per month + ₹900 driver. A company car is one of the most tax-efficient perks: the taxable perquisite (₹1,800-2,400/month + ₹900 driver) is a fraction of the actual benefit when the employer bears running costs. The tool substitutes your actual inputs into this relationship and shows the worked example step by step.
What inputs does the Company Car Perquisite Calculator need?+
Enter Engine capacity, Usage, Driver provided?, Actual running cost (if personal) (₹/yr) and the result updates immediately — there is no button to press. Change any value to model a different scenario in real time.
Is the Company Car Perquisite Calculator free, and is my data private?+
Yes — it is completely free with no sign-up or usage limit, and it runs entirely in your browser, so the numbers you enter are never uploaded or stored on any server. Not tax advice. It is for informational and analytical use, not financial advice.
What should I watch out for when using the Company Car Perquisite Calculator?+
Compare this perk value against a cash allowance taxed at your full slab — the car usually wins handily.
What is the Company Car Perquisite Calculator based on?+
The method follows authoritative sources: Income-tax Rules — Rule 3 (perquisite valuation). The formula and references are shown on the page so you can verify and cite the result.
Related Finance tools
Human Life Value (HLV) Calculator
The economic value of your future earnings to your family — the income-replacement basis for sizing a life-insurance cover.
● LiveTerm Life Insurance Coverage Calculator
How much term-life cover you actually need — replacing income, clearing debts and funding goals, net of existing assets and cover.
● LiveDIME Method Life Insurance Calculator
The DIME formula — Debt + Income + Mortgage + Education — a fast, complete way to size a life-insurance cover.
● Live