Offer employees a car as part of their CTC — fully managed, tax-efficient, and a powerful tool for talent attraction and retention across India.
Lower taxable income through car perquisite structure
Tristar coordinates fleet services; HR manages policy and employee approvals
Employees choose from a wide range of models
No surprise costs — everything included
Tristar's employee car leasing program creates real value on both sides of the table.
A simple, transparent process from HR policy to keys in the employee's hand.
Your company signs a master agreement with Tristar and sets eligibility criteria
Eligible employees choose their vehicle model and submit their request
We handle procurement, insurance, registration, and documentation
Car delivered to employee. Monthly rental deducted from CTC structure
Tristar manages all maintenance, insurance, and renewals throughout the lease
An employer-sponsored car programme can produce a different tax outcome from an equivalent cash allowance. Payroll should apply current perquisite rules and compare cash compensation, taxable benefits and employee contributions. Tax reduction and take-home cash are separate results.
From 1 April 2026, under the Income-tax Rules, 2026, where an employer-owned or hired car is used partly for official duties and partly personally and the employer meets running and maintenance expenses, the monthly taxable perquisite is Rs 5,000 for an engine up to 1.6 litres or an electric car, and Rs 7,000 above 1.6 litres. Add Rs 3,000 if the employer provides a chauffeur. These are taxable benefit values, not tax payable. Other usage and expense arrangements have different treatment.
From 1 April 2026, under the Income-tax Rules, 2026, the following monthly taxable perquisite values apply to a car owned or hired by the employer, used partly for official duties and partly personally, where the employer meets or reimburses running and maintenance expenses.
Engine capacity up to 1.6 litres, or an electric car: Rs 5,000 per month.
Engine capacity above 1.6 litres: Rs 7,000 per month.
Employer also provides a chauffeur: add Rs 3,000 per month.
These figures are taxable benefit values, not monthly tax payable. Other usage and expense arrangements have different treatment. Payroll should calculate the employee's actual tax and take-home cash using the applicable rules.
Our employee leasing program adapts to your company's HR policies and CTC structures.
Offer competitive car benefits without the cost of buying a fleet. A great way to attract senior talent on a tighter budget.
Standardize car benefits across your management grades with a scalable, policy-compliant leasing framework.
Deploy employee car leasing across multiple locations and hundreds of employees with a single managed program.
Talk to our team today. We'll help design the right structure for your company's HR and finance requirements.