Editing a vehicle type setup
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Select the “Perquisite Setup” hyperlink from the left pane.
The “Perquisite Setup” page appears.
Ensure that you have selected the “Vehicle type” option from the “Perquisite Type” drop-down list box.
Select the “Edit Vehicle Types” hyperlink from the bottom of the page.
The “Edit Motor Car” page appears. The system displays the following details.
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Company Tax Setup Unit |
The company tax setup unit selected in the previous page. |
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Date format |
The date format applicable to the login user. Tell me more |
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Tax Year |
The tax year for which the vehicle type perquisite must be created or modified. The tax year selected in the previous page appears. |
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Company |
The name of the company. |
It also displays system defined 21 types of vehicle types in the multiline. You can modify a vehicle type for computing its value.
Use this option to indicate that all the vehicles types defined for an earlier tax year is also applicable to the current tax year.
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Default From Tax Year |
Specify the tax year to indicate that all the related vehicle perquisites defined in the tax year are also applicable to the current tax year The drop-down list box lists all the tax years defined in the “Create Tax Year” activity and whose status is “Active”. |
The system retrieves all the defined vehicle type perquisites for the selected tax year in the multiline.
To edit a new vehicle perquisite
Enter the following details in the multiline.
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Vehicle Type Code |
A unique code to identify the vehicle type. You cannot modify the details. |
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Vehicle Type Description |
The description of the vehicle type. |
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Vehicle Type Long Description |
A brief description of the vehicle type. |
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Ownership |
By default, the system displays with a blank value. From the drop-down list box, select “Owned by Employer”, “Owned by Employee” or “Hired by Employer” option to indicate the ownership of the accommodation. |
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Purpose Of Use |
Indicate the objective of using the vehicle by selecting one of the following, “Official”, “Personal” or “Official and Personal”. |
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Capacity |
Select “Less than 1600 CC” or “More than 1600” CC to indicate the type of vehicle. |
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Expensed Met By |
Select “Employer” option to indicate that the expenses incurred for the maintenance of the vehicle is borne by the employer otherwise select “Employee” to indicate that the employee meets the expenses. |
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Chauffeur |
Select “Yes” to indicate that a chauffeur is provided along with the vehicle. Otherwise, select “NO”. |
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% Cost Of The Vehicle |
The percentage of the cost of the vehicle that can be taken as perquisite value. |
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Chauffeur (Perk Amt. Per Month) |
The amount paid to the chauffeur for a month. |
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Expenses Met By (Perk Amt. Per Month) |
The amount that is spent by the employer/employee towards the vehicle maintenance or the perquisite amount |
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Recovery Pay Element |
If some amount is charged from the employee for the perquisite provided, specify the pay element from which it is deducted. |
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Help facility available |
To deactivate a perquisite type
From the “Inactive” drop-down list box in the multiline, select “Yes” to indicate that the defined perquisite type is not available for use.
From the “Inactive” drop-down list box in the multiline, select “No” to indicate that the defined perquisite type is available for use.
Hyperlinked topics below
You can use this page to modify a vehicle type perquisite
To edit a new vehicle perquisite
To deactivate a perquisite type