Quick Question - If a company has Car lease under FBP component, can employee get benefit by showing their Car Loan EMI?

I don’t think it works like that

Yeah..i also thought so..however few of my excolleagues mentioned that they could use it in their org so wanted to check here

I doubt. @Karthik Ingarsal?

hi @Jigyasa If the company has a car lease policy and you have take it under the same then you claim a car loan tax exemption, you can only treat the interest paid on loan as an expense, not the principal amount. you can refer to the below site for further reading and illustrations. https://www.tatacapital.com/blog/loan-for-vehicle/income-tax-benefits-on-car-loan/