FuzzyCoconut
FuzzyCoconut

Car lease from company Good or bad ?

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

5mo ago
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FluffyCupcake
FluffyCupcake

Your lease money goes out from pre-tax salary.

Think it of this way, if your pre tax salary is 100x, you get 70x post tax and then you will pay car EMIs from 70x itself. Assuming 10x, net saving will be 60x

In lease you’ll make payments from 100x, car lease is 11x, taxable income will become 89x. I hope you get the hints

SleepyBanana
SleepyBanana

Mast explanation Elon! Aise hi nahi bane ElonMast ✈️

FuzzyCoconut
FuzzyCoconut

👍

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