Fringe Benefit Tax Calculator
Compute the deemed taxable value of company-provided benefits — car, housing, school fees, low-interest loans — under the Income Tax Act 7th Schedule.
Pick a benefit
Deemed values — company car (per month)
| Engine capacity | USD/month |
|---|---|
| Up to 1500cc | 52.08 (625/yr) |
| 1501 – 2000cc | 69.17 (830/yr) |
| 2001 – 3000cc | 104.17 (1,250/yr) |
| Over 3000cc | 138.33 (1,660/yr) |
Statutory deemed annual costs per s 8(1)(f)(xi) of the Income Tax Act (USD figures retained by the Finance Act 2023), shown here ÷ 12 as monthly values. The deemed cost is reduced proportionally where the vehicle is used for less than the full year. Update if a later Finance Act moves the figures.
How each benefit is valued
Company car
Deemed monthly value by engine capacity (above), regardless of actual usage.
Housing
Higher of market rent or actual rent paid by the employer, less any contribution from the employee.
School fees
Total fees paid by the employer (per child, per year) divided by 12 = monthly addition.
Low-interest loan
Difference between the reference rate and the rate the employee pays, applied to the principal. Loans below the de minimis threshold are exempt.
Statutory anchors
- Income Tax Act [Chapter 23:06] — 7th Schedule (fringe benefits)
- ZIMRA Public Notice on motor-vehicle deemed values