Dear All,
We are planning to do away with the company cars and give employees a car allowance as per grade. This will be provided only to some employees. Can anyone send me a draft copy of the same, or let me know the following?
1. Will this car allowance be taxable?
2. Should the employees be given a special amount for buying the car?
3. How do we include business purposes, such as when they meet clients/customers? How do we reimburse them for that? (e.g., fill a form and all)
Regards,
From India, Mumbai
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2We are planning to do away with the company cars and give employees a car allowance as per grade. This will be provided only to some employees. Can anyone send me a draft copy of the same, or let me know the following?
1. Will this car allowance be taxable?
2. Should the employees be given a special amount for buying the car?
3. How do we include business purposes, such as when they meet clients/customers? How do we reimburse them for that? (e.g., fill a form and all)
Regards,
From India, Mumbai
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Employee reference policy.doc