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 manages everything end-to-end
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
Under Indian tax law, a car provided by the employer as part of CTC is taxed as a perquisite at a significantly lower rate than equivalent cash salary. This creates real, measurable tax savings for employees.
The perquisite value of a company-leased car is calculated at a fixed nominal amount per month — far lower than the actual car value — resulting in lower taxable income for the employee.
*Indicative figures based on car + maintenance perquisite valuation rules under Income Tax Act. Actual savings vary by tax bracket and structure. Consult your CA.
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.
In an employee leasing arrangement, the vehicle is typically leased in the company's name. The employee has full use of the vehicle but the company holds the lease contract with Tristar. This enables the tax-efficient perquisite structuring.
The lease agreement includes provisions for employee exit. The company may transfer the lease to another employee, continue the lease, or we can work out an early exit arrangement. This is addressed in the master agreement with your company.
Yes. Within the budget or grade limits defined by your company's policy, employees can choose from Tristar's available vehicle options — ranging from affordable hatchbacks to premium sedans and SUVs.
Fuel and driver costs are the responsibility of the employee (or the company, depending on your policy). The lease rental covers only the vehicle, maintenance, and insurance — not operational expenses like fuel.
No. Tristar works with companies offering even a single employee a car benefit. There's no minimum fleet size — we scale our services based on your needs.
Talk to our team today. We'll help design the right structure for your company's HR and finance requirements.