Hi,
I need a sample of car policy. I need a sample that includes procedures for eligibility, reimbursement of gas, maintenance, foreclosure, etc.
Please post a copy of the sample, if you have one.
Thanks
Akruti
From India, Mumbai
I need a sample of car policy. I need a sample that includes procedures for eligibility, reimbursement of gas, maintenance, foreclosure, etc.
Please post a copy of the sample, if you have one.
Thanks
Akruti
From India, Mumbai
1
Hi,
Company car policy is crafted based on the financial position of the company. I have come across many such policies, gist of them is as follows :-
Elegibility : Manager & Above (Depends on policy)
Car Model : Maruti Alto (Again depends on ur co )
Insurance : Borne by the co.
Driver : Company provided/Cash option @ Rs 2500/-pm (Depending on location)
Pay out : Company will pay 60% of cost, and transfer the car on indvl's name.
Pay out : Remaining - Individual will pay remaining 40% after completion of 5 years in equal instalments of 5 years.
Seperation : Entire amount to be re-covered.
Other policy : Company will maintain cars, insurance etc, and provide fuel (Coupens of a fixed petrol pump), calculate the distance from home to office, determine total kms, determine total working days, provide driver, issue fuel coupens, pay the bills. This will include breakdown, accidents and any other situations. Whichever car is available with company will be given, milage to be checked for issue of fuel coupens.
Hope this will give you clear understanding of company car policy.
Regards,
Exserg
From India, New Delhi
Company car policy is crafted based on the financial position of the company. I have come across many such policies, gist of them is as follows :-
Elegibility : Manager & Above (Depends on policy)
Car Model : Maruti Alto (Again depends on ur co )
Insurance : Borne by the co.
Driver : Company provided/Cash option @ Rs 2500/-pm (Depending on location)
Pay out : Company will pay 60% of cost, and transfer the car on indvl's name.
Pay out : Remaining - Individual will pay remaining 40% after completion of 5 years in equal instalments of 5 years.
Seperation : Entire amount to be re-covered.
Other policy : Company will maintain cars, insurance etc, and provide fuel (Coupens of a fixed petrol pump), calculate the distance from home to office, determine total kms, determine total working days, provide driver, issue fuel coupens, pay the bills. This will include breakdown, accidents and any other situations. Whichever car is available with company will be given, milage to be checked for issue of fuel coupens.
Hope this will give you clear understanding of company car policy.
Regards,
Exserg
From India, New Delhi
Thank you for posting your suggestions. These suggestions and samples are definitely of great help.
If you have any other HR policy drafted for your company, please forward me as I am formulating various HR policies for my company.
Thank you once again.
Akruti
PS: You can email me a copy of HR policy manual if any on
From India, Mumbai
If you have any other HR policy drafted for your company, please forward me as I am formulating various HR policies for my company.
Thank you once again.
Akruti
PS: You can email me a copy of HR policy manual if any on
From India, Mumbai
What are the FBT implications for the new notification from IT department issued in Dec 2009. How the Transfer of Movable Asset calculated in this case?
In My company we have CAR policy and now as per the new notification any asset transfered after 1st April 2009, company need to recover the tax on the Depreciated value of the CAR less Amount paid by the employee. So in this case how the EMI Deducted from Employee salary will be taken care?
From United States, Miamisburg
In My company we have CAR policy and now as per the new notification any asset transfered after 1st April 2009, company need to recover the tax on the Depreciated value of the CAR less Amount paid by the employee. So in this case how the EMI Deducted from Employee salary will be taken care?
From United States, Miamisburg
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Company Car Policy.doc