car emi

Human Resources » Compensation & Benefits

	Message From: jmraju	Total Posts: 2	Join Date: 03/06/2010
Rank: Beginner	Post Date: 07/06/2010 07:37:40	Points: 10	Location: India

Can any one tell the tax impact or saving in case the company pays my Car EMI, and what the conditions to be complied.

jmraju

	Message From: debradutta	Total Posts: 12	Join Date: 03/06/2010
Rank: Executive	Post Date: 07/06/2010 14:44:02	Points: 60	Location: India

Since you are including the same into the company assets, the "EMPLOYEES" will save tax on it but the employer will pay taxes (Car EMI paid) 20% of the car EMI is taxed on employer hand, same is applicable on Fuel & maintenence & Drivers salary.

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