I currently work in a tech startup in Bangalore. My company has a car lease policy that I can use to get tax savings on the car lease amount and the maintenance costs. Worked out the math and seems...

Welcome to Indian Startups's Private Community

I currently work in a tech startup in Bangalore. My company has a car lease policy that I can use to get tax savings on the car lease amount and the maintenance costs. Worked out the math and seems like I save 15% on a car's onroad cost if I avail this. However if I leave the company, the math stops working out in my favour as the interest on lease is higher than the interest on bank loans. I want to understand which other tech companies have car leasing policies for me to be able to migrate if I decide to buy one.

Who else is having car lease policies out here?

Investor

Who else is having car lease policies out here?- Grapevine

Welcome to IT Company Discussion's Private Community

How can I get a car on lease from my Employer? A lot of people have told me that I have to pay less if I leave through my employer. Also, can I get tax benefits if I get a car from my employer?

HCL car lease policy

Application Engineer

Hi, has anyone availed of the TCS car lease policy? Is it worth it?

TCS car lease policy

Senior Designer

Need to know per month rental for your vehicle
Price of vehicle
Buyback price at end of 3 years

Has anyone opted for Car Lease Policy from Accenture?

Consultant

Welcome to Office Gossip's Private Community

The post intends to accrue all the interesting perks employees receive under one roof

Does your company have a car lease policy? Are there any other cool perks that your company offers that are different from usual?

Growth Manager

Welcome to Personal Finance's Private Community

I have always been very intrigued about managing my own finances, never hired a CA till now. 

But every year when the tax return filing time comes I run into the same thought - Am I paying too much taxes, is there a way to plan it better?

wanted to get some information on how are you guys managing your taxes. 

- Do you guys have a dedicated CA? does hiring a CA helps? 

- How do you plan your finances? investing/Saving/restructuring to avoid paying the maximum taxes? 

- Some people setup a side business to set off some recurring losses/expenses to some extent. Does that work in long term? 

- In terms of wealth generation, what is your strategy? How much you are able to invest? What assets are good in your POV?

P.S. - Before someone comes up with you need to pay taxes so India can grow. I understand your POV but IMO, I am not able to get the benefits/infra in return, but I with all my heart believe in India’s growth story.

People with 50L+ taxable income, how much taxes are you paying? is there a way to reduce that?

Staff Engineer

Hi, we are thinking of buying a new car in Bangalore and contemplating on whether to buy in cash or on loan. Considering the traffic conditions, we only want a small car like i10 or Tiago. We do have cash on hand to buy a decent hatchback or sedan upto 10L. It will not burn all our savings for sure. However, I have seen so many people still buying on loan even though they have cash.

Would be interested in knowing what makes more sense for others. Especially want to understand if there are other benefits of loan apart from credit building. Other suggestions on car models are also welcome! TIA.

Buying a car on Cash or Loan?

Cloud Consultant

Welcome to Software Engineers's Private Community

I know Cisco and Microsoft have. Adobe withdrew it recently I guess. 

Do you know of other companies that have this benefit?

Which companies have Car Lease Agreement as part of their Benefits?

Amateur car driver here. I was thinking of buying used cars. But the way second-hand cars are priced makes me question the whole logic of buying them.

Budget: Upto INR 6.5L
Usage: Mostly City, 15kms + Outstation on Weekends

PS: We also have a car lease policy in the company. So I guess I can try saving some tax there.

Does a Used Car make sense?

Sales Leader

Most of the times we don't know the benefits that can be utilized. For example, we can get reimbursement for broadband bills, course fees, fuel claims etc.

What are the benefits that you are taking advantage of from your company that you think others should also make use of? Also it differs from company to company, but at large what useful things can be reimbursed or claimed?

Company benefits we all can benefit from

Data Scientist

Welcome to Business Roles's Private Community

Will probably be offered Technical Architect role as per the job description and current profile. Presently at 25lpa and being asked to move to Bangalore for 31lpa (have not completed HR round yet)

Did I lowball myself?

Not sure which band this role would fit in.

Any expert opinion(s) from gentle folks?

HCL - Architect - 13 YOE

Solution Architect

Truths about ESOP 101 

After working in multiple fast growth startup’s and having been part of multiple buybacks as well as being in the startup ecosystem for a decade I want to put to bear my pov about creating wealth through ESOP. 

Like any other randomised event, ESOP also follows Pareto principle which means a very small number of people within the company ever make sizable wealth that they elevate to the top 0.1% of the country. 

The Pareto also applies with companies; significantly small minority of companies in India have employee friendly policies which enables an employee to create wealth. 

Most startup’s have dark patterns within their esop policy which either locks you in for insufferable durations or forces you to pay exorbitant taxes to gain the right to exercise your esops when you are leaving the company. 

Survivorship bias plays a huge role in enabling the narrative that esop is a great wealth generating tool leading to rude awakening for an employee after they join a company. 

This doesn’t mean you can’t make wealth, it just means don’t get carried away by narratives and take preventable errors in your career. 

Always talk to multiple people in startup’s and ask relevant questions to understand esop policies better. 

Like everything else optimising only for esop for wealth creation will mostly not result in it.

Unmasking ESOP wealth!

Hey guys,
I am planning to shift to Pune from Bangalore.
What are some of the good product based companies in Pune with good packages?
For Frontend/Fullstack developers.
I'm talking about salaries above 40-50LPA

Office/remote work anything.

Companies in Pune?

Software Engineer

Am plannjng to buy first car i.e SUV in Bangalore city.

Budget: 20L.
Variant: Mid or Top.
Transmission: Automatic.
Use: 70% City / Office and 30% for weekend outings.

Have taken test drive for Kia Seltos, Hyundai Creta and Toyota Hyryder.

Will buy through company lease (ORIX).

Have watchin YT videos on car reviews and really confused in Creta & HyRyder.

Am confused which to buy?

Open for suggestions…

Guidance new SUV

Technical Consultant

Those who have cars worth 30L+ what do you do for living?

Taking car on lease from parent company is good option or bad ? How does it save taxes on your hard earned money .

Car lease from company Good or bad ?

I am not from India, moved to London 4.5y ago and I'm considering a move to India.

But I struggle to understand the relationship between salaries <> lifestyle <> money saved each month.

Would be cool to learn everyone's salary, but also your lifestyle and how much you save per month. Can you help with the following template?

Role: 
City: 
Salary: 
Rent: 
Food: 
Transport: 
Savings per month: 

Any other costs I should factor in that you feel are necessary to consider?

Thanks for the help!

In London, might move to India (need help on salary/savings)

UX/UI Designer

I am interviewing with an early stage startup in Gurgaon. As part of their leave policy, they offer only annual leaves which you earn at a certain rate every month. They do not offer any sick leaves or casual leaves to employees. Is that even legal? Have you heard of similar policies elsewhere?

Who else is having car lease policies out here?

Discover More

IT Company Discussion on

by Coy Taye

TCS

HCL car lease policy

IT Company Discussion on

by Kendall Carmden

HCL

TCS car lease policy

IT Company Discussion on

by Kendall Carmden

Infosys

Has anyone opted for Car Lease Policy from Accenture?

Office Gossip on

by Jordon Hyrum

Freshworks

Does your company have a car lease policy? Are there any other cool perks that your company offers that are different from usual?

Personal Finance on

by Jordon Lee

Uber

People with 50L+ taxable income, how much taxes are you paying? is there a way to reduce that?

Bangalore on

by Dezi Gabriel

Oracle

Buying a car on Cash or Loan?

Software Engineers on

by Kendall Dean

A large US based MNC.

Which companies have Car Lease Agreement as part of their Benefits?

Bangalore on

by Blair Gabriel

Stealth

Does a Used Car make sense?

Personal Finance on

by Kendall Nadeen

Siemens

Company benefits we all can benefit from

Business Roles on

by Jordon Lee

HCL

HCL - Architect - 13 YOE

Indian Startups on

by Isaiah Carmden

Others

Unmasking ESOP wealth!

Software Engineers on

by Aaron Lee

Udaan

Companies in Pune?

Travel on

by Jordon Carmden

Cisco

Guidance new SUV

Personal Finance on

by Aaron Taye

Startup

Those who have cars worth 30L+ what do you do for living?

Personal Finance on

by Kendall Hyrum

Self Employed

Car lease from company Good or bad ?

Personal Finance on

by Kalan Hyrum

Stealth

In London, might move to India (need help on salary/savings)

Indian Startups on

by Jordon Lee

Stealth

Leave policy at startups