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You can buy car via hcl and save lot of tax every year. Profitable when you are in 30% tax bracket
The emi for car which you buy via hcl is deducted from HCL account and does not reflect in your salary, so the whole emi is non taxable for you. Also 8000 monthly is non taxable for fuel and car service. So for my Tiago cng emi is 12081, and fuel 8000, is total 20,081 monthly. I save 30% tax on it every month. Driver salary is also non taxable but provided if u are in E3+ band. But I am in E2 band currently. Read the policy company leased car for more details.