Income tax benefit of taking car lease policy provided by employer



Quick Summary
Opting for a car lease policy through your employer can offer substantial income tax benefits. By paying the lease rental and associated costs like maintenance, insurance, and fuel from your pre-tax salary, you effectively reduce your taxable income. This can lead to significant tax savings compared to receiving a car allowance as part of your post-tax income.

Car lease policy When an employer talks about your salary, they mean your basic starting salary. Various components are then added to this number to create your final salary package. These are additional benefits or incentives like house rent allowance, telephone reimbursements, car allowance and bonuses. When you think of these benefits prudently, youll notice that they make up a considerable amount of your income before tax. And some of these benefits, like a car allowance, can help
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1 Year PLAN
1999
(Excl. of GST ₹359)

BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)

3 Months PLAN
999
(Excl. of GST ₹179)

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