
Paying 31 lakhs for a 15 lakh Car🔥🥴
Published at : October 21, 2021
Buy stock with best Demat a/c: https://link.labourlawadvisor.in/demat
Term Insurance: https://tinyurl.com/LLAterminsurance
Health Insurance: https://tinyurl.com/LLAinsurance
Mutual Fund: https://link.labourlawadvisor.in/kuvera
.....................................................
Assumptions taken to arrive at final amount:
1. Car buyer is a taxpayer salaried employee in the highest slab (30%)
2. She is buying a car that is highly in demand by middle-class people. Examples: Honda city, Creta, Seltos, Vento, Rapid, etc.
3. If driven properly, it should return at least 15 km per liter of mileage.
4. Price of petrol is 100/L, however, today in Jaipur the petrol has already crossed 110 rupees.
5. Car is bought in personal name and not in the business name, no GST input credit taken
6. Fuel expenses are not tax-deductible
Term Insurance: https://tinyurl.com/LLAterminsurance
Health Insurance: https://tinyurl.com/LLAinsurance
Mutual Fund: https://link.labourlawadvisor.in/kuvera
.....................................................
Assumptions taken to arrive at final amount:
1. Car buyer is a taxpayer salaried employee in the highest slab (30%)
2. She is buying a car that is highly in demand by middle-class people. Examples: Honda city, Creta, Seltos, Vento, Rapid, etc.
3. If driven properly, it should return at least 15 km per liter of mileage.
4. Price of petrol is 100/L, however, today in Jaipur the petrol has already crossed 110 rupees.
5. Car is bought in personal name and not in the business name, no GST input credit taken
6. Fuel expenses are not tax-deductible

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