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Car lease and perquisites
Hi seniors we are introducing the car lease policy in our company from december 10. i want to know the following details; 1. the car will be used partly for personal and partly for official. 2. if company purchase the car and gives to the employee what is the perquisites taxation will have to taken care 3. if the car taken from third party leasee company then what will be the perquisites taxation. waiting for yours help through reply. regards ravi
Offical car policy - policy formulation
Dear seniors i am working with mid. size organisation reality i have one query to put before seniors and need your inputs in the matter. my management wants to give personal car to key people in the organisation as admin point of view i need your help in following points : 1. whether it is viable to purchase car on company s name? 2. after 5 years with depreciation to car it will be no use to company is there any other option? 3. fuel reimbursement policy need your inputs. 4. regular maintenance insurance cost and any other damages while driving for personal use who will spend? the car is given to employee to take home after office hours it is self driven fyi. if any one can send me a car usage policy or something like that. your valuable suggestions are requested for setting up a policy for the purpose. dilip bhandari hr manager
What is better for companies? employee car allowance or buying car on lease?
Hi all i am new on citehr but have been using it a lot thanks a lot to everyone for making this site interesting and helpful. we are making car policy and wanted to know if car leasing or car allowance or car purchasing is better for the company. we are offering this benefit to only a few employees at the max 15. pls guide me as to what to recommend.
Company car policy
Dear all we provide a leased car to our sales force. i am in the process of formulation a policy where in they are responsible for the same. i have seen the attachments on the website and none of them are helpful to me. i would highly appreciate if someone who follows that a policy on the same line can share the policy. regards
Re: policy manual
Dear all i would like to start one facility for my employees. car scheme undeer this i would like to give company car to few of them and car loan to other team members. can you pls guide me for the same. if you have any policy related to this so pls share with me. amit acharya manager hr & admin cell: 09099551234
Company car policy and car got totaled
I was assigned a company car worth 15 lakhs company limit is 12 lakhs i paid 3 lakhs additional. after 6 months of driving the car my car had an accident and it was totalled. my questions. the tax and insurance component was 2 lakhs which the company will lose as the car is totalled will i have to pay for that or the company will pay for it. i paid 3 lakhs to buy the car will the company refund me or prorate my portion