Thread Starter
#1
Hi All,
Please share your experience about Company Lease Car, I believe Senior or Mid Manager level IT folks can definitely able to share their experience about Company Lease Cars.
I have booked the Car and expecting delivery by Jan 2013.
My questions are:
1: Will the car purchased in the name of Employer or Employee.
2: What exactly is pre-requisite amount and on what basis it is decided?
3: As I got to know that yearly paid EMI will not be taxable, hence it's a great relief along with HRA and Home Loan Interest.
4:Is the Interest Rate same if we purchase the Car in normal ways.
5: Please list out if there are any drawbacks?
Thanks,
Alok
Please share your experience about Company Lease Car, I believe Senior or Mid Manager level IT folks can definitely able to share their experience about Company Lease Cars.
I have booked the Car and expecting delivery by Jan 2013.
My questions are:
1: Will the car purchased in the name of Employer or Employee.
2: What exactly is pre-requisite amount and on what basis it is decided?
3: As I got to know that yearly paid EMI will not be taxable, hence it's a great relief along with HRA and Home Loan Interest.
4:Is the Interest Rate same if we purchase the Car in normal ways.
5: Please list out if there are any drawbacks?
Thanks,
Alok