Regarding Car Lease - How does it work in Payroll deduction

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1

Dear All,

Request your kind advice on how Car Lease policy works ? How does the monthly rental dedution from employee CTC work? Are there any excel sheet which can be shared with employees to show tax benefit by opting for car lease ? If yes, kindly share.

What is this Perquisites benefit provided by employer to employees? Are there any set limit for Fuel, Maintenance and Driver allowance or is it based on employer discretion?

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2

Hi,

Please refer to the following link, which explains about regarding Car Lease

file:///C:/Users/DELL/Desktop/list_of_benefits_available_to_a_salaried_person_final.htm

3

Hi @HarinathGupta ,

Thank you for coming in to help out a fellow community user. Looks like the file you were trying to share didnt get uploaded properly and is showing a broken link.

Please try sharing the link or uploading(if its not proprietary) using the upload button. That will help the member to know the details

4

Hi,

Hope now you will be able to access the below link.

https://www.incometaxindia.gov.in/_layouts/15/dit/mobile/viewer.aspx?path=https://www.incometaxindia.gov.in/charts%20%20tables/list_of_benefits_available_to_a_salaried_person_final.htm&k=&IsDlg=0

Do word search as motor so that you will get the answer for your query raised.

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5

Thank you @HarinathGupta for the extra effort to come back and guide, provide a more accurate link.

Thank you for adding more value to the community interaction. Much appreciated!

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