(1) A vehicle used or made available for use by any person for private purposes in whole or in part for any beneficiary including employees or workers, in accordance with sub-section (1) of clause (b) of section 27 of the Act, for any income year The amount will be determined as follows:-
(a) An amount equal to zero and five percent of the salary received by an employee or worker or any other person who receives salary on a monthly basis.
(b) Except in the case mentioned in Clause (a), an amount of one percent per annum of the prevailing market value of the vehicle. Explanation: For the purpose of this rule, "Vehicle" means motor vehicle, car, jeep and other similar vehicles.
(2) In accordance with sub-section (2) of sub-section (b) of sub-section (1) of section 27 of the Act, the following amount shall be determined for a building used for private purposes by any person for any beneficiary including employees or workers:-
(a) An amount of two percent of the salary received by the person providing the building to an employee or worker or any other person who receives monthly salary for providing the building,
(b) The amount of twenty-five percent of the amount paid for rent for providing the building to the person other than those mentioned in clause (a) by renting the house,
(c) The amount of twenty-five percent of the prevailing house rent for providing a building to a person other than those mentioned in Clause (a) where the person providing the building does not have to pay rent.