Trending @Capgemini; OAAR-IT Declerarion, how and when it is used?

Its for tax saving benefits..there will be few components in OAAR 2 which can be opted by employees depends upon their choices..for examples driver reimbursement-900/mnth yearly 10.8 k which you have to submit some rough employee salaey bill which someone driving licensed number.. and OAAR 2. Fuel reimbursements and maintenance.. which you can submit any fuel bills or maintenance bill upto 21.5k/year for that vehicle has to be in u r name..u have submit car rc book details intially.. when u opt for this components for example if u ctc is 10lakhs when u opted for OAAR 2 21.5k will be excluded from gross amount..so u dont have to pay tax for this amount…

One can also opt for car lease and can save tax on fuel, driver and maintenance at 4.5 lakhs per annum

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