works at Accenture

Can some one help understanding car lease concept and maximum limit.

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  1. HCL Technologies 1

    I am currently availing it. Seeing the flexi limits you are E2 band. You can buy a car from HCL. Any car any model as per your choice. It will be on hcl name and you as co owner. You downpay 20%, rest emi will deduct from hcl account. You can buy car upto emi of 12500 as per your limits. In case of bigger car you pay additional emi from your pocket. Take petrol or cng reimbursement by uploading bills, limit is 96000 for you. So so have salary of 150000+96000 as tax free. So you save around 75000 tax yearly.

    5
    works at Accenture
    Author

    Got it! Thanks!

  2. HCL Technologies 1

    You can choose between 3/4/5 years. Interest rate is currently provided by banks. During my car it was 7.3% for 5 years via axis Bank. HCL team shares the interest and bank, and we have to accept if ok.

    HCL Technologies 1

    Mar 2022