Eligibility Calculator

Input Fields (To be filled by requestor in INR per annum)

Compensation
Annual Limits D
(As per latest increment / offer letter)

House Rent Allowance 150,000 E

A OAAR - 1 600,000 F
OAAR - 2 500,000

Please note that these are

OAAR - 2 Declaration
Annual Limits The final limits and approv
(As per HGS Payroll Tool)
B NPS 100,000
Meal Card 26,400
Leave Travel Assistance 90,000

Allowances
Annual Limits
(your estimates basis usage)
Fuel Allowance
(Max limit per year:
C 150,000
INR 1,50,000 for gasoline,
INR 69,600 for electric cars)
Driver Allowance
240,000
(Max INR 2,40,000 per year)
Maintenance Allowance-Includes insurance
60,000
(Max INR 60,000 per year)
Eligibility Calculator

Car Lease Eligibility

Annual Limits 36 Month Lease Tenure 48 Month Lease Tenure

Total Car Rental

463,600 1,390,800 1,854,400
(includes Insurance amount)

Total Allowances 450,000 1,350,000 1,800,000

Total Eligibility (in INR) 913,600 2,740,800 3,654,400

Please note that these are tentative limits to help you plan for car lease.
The final limits and approvals will be shared post car is finalised by you.

Notes
1. Please input Annual amounts in INR in boxes coloured

Index
A- Fill total annual amounts as per your latest salary structure
B- Fill total annual amounts that you have declared under respective allowances
C- Fill tentative amounts that you expect to claim under respective allowances for your leased car
D-Total car rental amount that you are eligible for. In case you want to increase this, the same can be done by reducing allowances in section C
E-Total Fuel, driver and maintenance allowance that you can claim as tax benefits
F- This is the total eligible amount that you can utilise for car rental + fuel, driver and maintenance allowance

2.You can enhance the overall eligible amount by deciding to reduce the existing declarations under NPS, Meal Card and Leave Travel assistance

3. You can decrease your Fuel, driver and maintenance allowance in case you want to increase leased car rental eligibility
4. The total eligibility will be within the above mentioned limits with no further provisions for modifications
5. You will have the option to declare the reimbursements in OAAR - 2 in payroll portal
6. Vehicle and Driver allowance for personal car use under OAAR - 2 will not be applicable if opted for company car lease
7. Please note that restructured car lease allowances will be prorated from the effective date. Any previously selected OAAR will be prorated until the
previous period of effective date of Car lease.
wances in section C

ve Travel assistance

will be prorated until the

 CAPGEMINI CAR LEASE ESTIMATOR
Editable Field
Fuel Type Diesel
Engine CC <=1600cc

Tax Applicability Sample (28%+ Cess)

Petrol Hatchbacks less than 4mtr in length and less than 1500 cc 29%
Diesel Hatchbacks less than 4mtr in length and less than 1500 cc 31%

Sedans above 4mtrs in length for both petrol and diesel

45%
*Cars under 4mtrs but more than 1500C also come under 45% GST

SUVs above 4mtrs in length 48%

Premium SUVs with 170mm ground clearance like Fortuner,
50%
Endeavour
Electric cars 5%

Employee Action Cost Headers Calculation Description Premium 1

Enter the appropriate

GST+Cess rate for your car. GST+Cess rate applicable 29%
Refer section above on tax
applicability Sample for
rate reference
Basic cost of Car 503,876
GST + Cess 146,124
Enter Value Ex-Showroom Cost 650,000
Enter Value Road Tax 101,010
Enter Value Registration -
Enter Value Accessories -
Enter Value Any other cost -
Total On road Cost Sum of D/E 19 to 23 751,010
Lease Finance Amt 751,010
RV % on basic cost of Car Basis tenure of lease 25%
RV Values D/E 26*17 125,969
GST + Cess D/E 27*16 36,531
Total RV D/E 28+27 162,500
Select tenure Tenure 36
Basic Rental 14,400
Road Tax Rental D/E 20/30 2,810
GST+Cess D/E 31*16 4,176
Monthly Rental with Taxes ( A ) Sum 31 to 33 21,386

Important Note: Please note this is a sample calculator to estimate rates. The actual amounts may vary.
Insurance cost is an additional cost that will be paid by ORIX and deduction via salary on annual basis.
 Premium 2

29%

503,876
146,124
650,000
101,010
-
-
-
751,010
751,010
23%
115,891
33,609
149,500
48
12,000
2,110
3,480
17,590

s may vary.
nual basis.
 LEASE VS LOAN COMPARISON
Edit as per individual estimat

Personal Income Tax Bracket 30%

Company car on lease Program

Tax Saving Allowance under Car lease Program Maximum Annual Limits Estimated Annual Usage

Fuel Allowance
(Max limit per year: 150,000 for Gasoline or
120,000
INR 1,50,000 for gasoline, 69,600 for EV
INR 69,600 for electric cars)
Driver Allowance
240,000 240,000
(Max INR 2,40,000 per year)
Maintenance Allowance-Includes insurance
60,000 60,000
(Max INR 60,000 per year)

Lease Calculation Description Premium 1

Total Lease Rentals paid ( Monthly lease rental with taxes x tenure ) A 769,896
RV to be paid at the end of lease (I) B 125,969
GST+Cess to be paid on RV @ C= B* GST Rate 36,531
Total RV payable with taxes B+C 162,500
Total Amount paid on Lease (Total lease + RV + Tax ) D= A+B+C 932,396
Less: Tax Savings realised on Total Rentals paid E= A / income tax rate 230,969
Add: Perquisite tax recovered by employer F 97,200
Less: Tax Savings realised on allowances G 378,000
Net Cost of Car under Lease H= D-(E+F-G) 420,627

Personal Car on Loan

Tax Saving Allowance under Car lease Program Maximum Annual Limits Estimated Annual Usage

Fuel Allowance (1800 or 2400 per month basis CC of car) 21,600 21,600
Driver Allowance 10,800 10,800
Loan Calculation Description Premium 1
Loan Rate of Interest 7%
Loan Value I= Total financed amount 751,010
EMI J 23,327
Total Bank EMIs paid (EMI x tenure ) K= J * Lease period 839,758

Less: Tax savings on Fuel (1800 or 2400 basis CC and fuel type of car) and
L 29,160
driver allowance (900)

Net Cost of Car under Loan M 810,598

Savings in Lease vs Loan

Savings in Lease M-H 389,971

Important Note: Please note this is a sample calculator to estimate rates. The actual amounts may vary.
Edit as per individual estimates

30%

Estimated Annual Usage

120,000

240,000

60,000

Premium 2

844,320
115,891
33,609
149,500
993,820
253,296
129,600
504,000
366,124

Self Funded Personal Car

Interest
Estimated Annual Usage Premium 1 Premium 2
Earned
Earned Interest on
21,600 8%
Invested Value
10,800 Investment value 751,010 751,010
Premium 2 Year 1 interest 60,081 811,091 811,091
7% Year 2 interest 64,887 875,978 875,978
751,010 Year 3 interest 70,078 946,056 946,056
18,124 Year 4 interest 75,685
869,931 Total Value of Car 946,056 1,021,741

Less: Tax savings on Fuel

(1800 or 2400 basis CC
38,880 29,160 38,880
of car) and driver
allowance (900)

Net Cost of Car under

831,051 N 916,896 982,861
Loan

Savings in Lease vs Loan Savings in Lease vs Self Funding

464,927 Savings in Lease N-H 496,269 616,737

amounts may vary.

 Foreclosure Workings
Discounting rate 9.10%
GST + Cess 29%
A B C D B+C+D

Outstanding Base Rental

Base Foreclosure
36 months Road Tax Discounting GST+Cess
Rental Value
Recovery Values
1 14,400 98,200 ₹ 537,174 ₹ 155,780 ₹ 791,154
2 14,400 95,390 ₹ 526,847 ₹ 152,786 ₹ 775,023
3 14,400 92,580 ₹ 516,443 ₹ 149,768 ₹ 758,791
4 14,400 89,770 ₹ 505,959 ₹ 146,728 ₹ 742,457
5 14,400 86,960 ₹ 495,396 ₹ 143,665 ₹ 726,021
6 14,400 84,150 ₹ 484,753 ₹ 140,578 ₹ 709,481
7 14,400 81,340 ₹ 474,029 ₹ 137,468 ₹ 692,837
8 14,400 78,530 ₹ 463,223 ₹ 134,335 ₹ 676,088
9 14,400 75,720 ₹ 452,336 ₹ 131,177 ₹ 659,234
10 14,400 72,910 ₹ 441,366 ₹ 127,996 ₹ 642,273
11 14,400 70,100 ₹ 430,313 ₹ 124,791 ₹ 625,204
12 14,400 67,290 ₹ 419,177 ₹ 121,561 ₹ 608,028
13 14,400 64,480 ₹ 407,955 ₹ 118,307 ₹ 590,742
14 14,400 61,670 ₹ 396,649 ₹ 115,028 ₹ 573,347
15 14,400 58,860 ₹ 385,257 ₹ 111,724 ₹ 555,841
16 14,400 56,050 ₹ 373,778 ₹ 108,396 ₹ 538,224
17 14,400 53,240 ₹ 362,213 ₹ 105,042 ₹ 520,495
18 14,400 50,430 ₹ 350,560 ₹ 101,662 ₹ 502,652
19 14,400 47,620 ₹ 338,818 ₹ 98,257 ₹ 484,695
20 14,400 44,810 ₹ 326,987 ₹ 94,826 ₹ 466,624
21 14,400 42,000 ₹ 315,067 ₹ 91,369 ₹ 448,437
22 14,400 39,190 ₹ 303,056 ₹ 87,886 ₹ 430,133
23 14,400 36,380 ₹ 290,955 ₹ 84,377 ₹ 411,711
24 14,400 33,570 ₹ 278,761 ₹ 80,841 ₹ 393,172
25 14,400 30,760 ₹ 266,475 ₹ 77,278 ₹ 374,513
26 14,400 27,950 ₹ 254,096 ₹ 73,688 ₹ 355,733
27 14,400 25,140 ₹ 241,623 ₹ 70,071 ₹ 336,833
28 14,400 22,330 ₹ 229,055 ₹ 66,426 ₹ 317,811
29 14,400 19,520 ₹ 216,392 ₹ 62,754 ₹ 298,666
30 14,400 16,710 ₹ 203,633 ₹ 59,054 ₹ 279,396
31 14,400 13,900 ₹ 190,777 ₹ 55,325 ₹ 260,002
32 14,400 11,090 ₹ 177,824 ₹ 51,569 ₹ 240,483
33 14,400 8,280 ₹ 164,772 ₹ 47,784 ₹ 220,836
34 14,400 5,470 ₹ 151,622 ₹ 43,970 ₹ 201,062
35 14,400 2,660 ₹ 138,372 ₹ 40,128 ₹ 181,159
36 14,400 (150) ₹ 125,021 ₹ 36,256 ₹ 161,127
RV 125,969 ₹0
 Important Note
Please note that above values are indicative
There would be additional TCS applicable if the foreclosure value exceeds 10 lacs
ure Workings

A B C D B+C+D

Outstanding Base Rental

48 Foreclosure
Base Rental Road Tax Discounting GST+Cess
months Value
Recovery Values
1 12,000 98,900 ₹ 553,591 ₹ 160,541 ₹ 813,032
2 12,000 96,790 ₹ 545,789 ₹ 158,279 ₹ 800,858
3 12,000 94,680 ₹ 537,928 ₹ 155,999 ₹ 788,607
4 12,000 92,570 ₹ 530,007 ₹ 153,702 ₹ 776,279
5 12,000 90,460 ₹ 522,026 ₹ 151,388 ₹ 763,874
6 12,000 88,350 ₹ 513,985 ₹ 149,056 ₹ 751,391
7 12,000 86,240 ₹ 505,883 ₹ 146,706 ₹ 738,829
8 12,000 84,130 ₹ 497,719 ₹ 144,339 ₹ 726,188
9 12,000 82,020 ₹ 489,494 ₹ 141,953 ₹ 713,467
10 12,000 79,910 ₹ 481,205 ₹ 139,550 ₹ 700,665
11 12,000 77,800 ₹ 472,855 ₹ 137,128 ₹ 687,782
12 12,000 75,690 ₹ 464,440 ₹ 134,688 ₹ 674,818
13 12,000 73,580 ₹ 455,962 ₹ 132,229 ₹ 661,772
14 12,000 71,470 ₹ 447,420 ₹ 129,752 ₹ 648,642
15 12,000 69,360 ₹ 438,813 ₹ 127,256 ₹ 635,429
16 12,000 67,250 ₹ 430,141 ₹ 124,741 ₹ 622,132
17 12,000 65,140 ₹ 421,403 ₹ 122,207 ₹ 608,749
18 12,000 63,030 ₹ 412,598 ₹ 119,654 ₹ 595,282
19 12,000 60,920 ₹ 403,727 ₹ 117,081 ₹ 581,728
20 12,000 58,810 ₹ 394,789 ₹ 114,489 ₹ 568,088
21 12,000 56,700 ₹ 385,783 ₹ 111,877 ₹ 554,360
22 12,000 54,590 ₹ 376,708 ₹ 109,245 ₹ 540,543
23 12,000 52,480 ₹ 367,565 ₹ 106,594 ₹ 526,639
24 12,000 50,370 ₹ 358,352 ₹ 103,922 ₹ 512,644
25 12,000 48,260 ₹ 349,070 ₹ 101,230 ₹ 498,560
26 12,000 46,150 ₹ 339,717 ₹ 98,518 ₹ 484,385
27 12,000 44,040 ₹ 330,293 ₹ 95,785 ₹ 470,118
28 12,000 41,930 ₹ 320,798 ₹ 93,031 ₹ 455,759
29 12,000 39,820 ₹ 311,230 ₹ 90,257 ₹ 441,307
30 12,000 37,710 ₹ 301,591 ₹ 87,461 ₹ 426,762
31 12,000 35,600 ₹ 291,878 ₹ 84,645 ₹ 412,122
32 12,000 33,490 ₹ 282,091 ₹ 81,806 ₹ 397,387
33 12,000 31,380 ₹ 272,230 ₹ 78,947 ₹ 382,557
34 12,000 29,270 ₹ 262,295 ₹ 76,065 ₹ 367,630
35 12,000 27,160 ₹ 252,284 ₹ 73,162 ₹ 352,606
36 12,000 25,050 ₹ 242,197 ₹ 70,237 ₹ 337,484
37 12,000 22,940 ₹ 232,034 ₹ 67,290 ₹ 322,263
38 12,000 20,830 ₹ 221,793 ₹ 64,320 ₹ 306,943
39 12,000 18,720 ₹ 211,475 ₹ 61,328 ₹ 291,523
40 12,000 16,610 ₹ 201,079 ₹ 58,313 ₹ 276,002
41 12,000 14,500 ₹ 190,604 ₹ 55,275 ₹ 260,379
42 12,000 12,390 ₹ 180,049 ₹ 52,214 ₹ 244,653
43 12,000 10,280 ₹ 169,414 ₹ 49,130 ₹ 228,825
44 12,000 8,170 ₹ 158,699 ₹ 46,023 ₹ 212,892
45 12,000 6,060 ₹ 147,903 ₹ 42,892 ₹ 196,854
46 12,000 3,950 ₹ 137,024 ₹ 39,737 ₹ 180,711
47 12,000 1,840 ₹ 126,063 ₹ 36,558 ₹ 164,462
48 12,000 (270) ₹ 115,019 ₹ 33,356 ₹ 148,105
RV 115,891
 Gasoline Cars
State Value of the car Individual Corporate
Gujarat Irrespective of ex-showroom 6% 12%

Haryana Irrespective of ex-showroom 8% 8%

Ex-showroom 3-6 lakhs 14.43% 14.43%

Ex-showroom 6-10 lakhs 15.54% 15.54%
Karnataka
Ex-showroom 10-20 lakhs 18.87% 18.87%
Ex-showroom > 20 lakhs 19.98% 19.98%

Ex-showroom < 10 lakhs Petrol 11% + 2% on the original rate 20%

Ex-showroom > 10 lakhs Petrol 12% + 2% on the original rate 20%
Maharashtra
Ex-showroom < 10 lakhs Diesel 13% + 2% on the original rate 20%
Ex-showroom > 10 lakhs Diesel 14% + 2% on the original rate 20%

Ex-showroom < 10 lakhs 8% 8%

Odisha
Ex-showroom > 10 lakhs 10% 10%

Ex-showroom < 10 lakhs 10% 10%

Tamil Nadu
Ex-showroom > 10 lakhs 15% 15%

Telangana Irrespective of ex-showroom 12% 14%

Important Note
Please note that above values are indicative and may vary from actuals
EV

Nil

Nil

Nil
Nil
Nil
Nil

Nil
Nil
Nil
Nil

Nil
Nil

Nil
Nil

Nil