About Astrafin
Astrafin is one of India's leading asset leasing companies, specializing in CTC-structured car leasing, device leasing (SmartEPP), equipment leasing, and sale & leaseback solutions for corporates. It helps organizations unlock the full value of asset leasing as a tax-efficient employee benefit — enabling employees to drive brand-new cars of their choice by structuring lease rentals directly within their Cost-to-Company (CTC) package.
Unlike a car loan, employees don't pay out-of-pocket; the monthly lease rental is deducted from pre-tax income, reducing taxable salary and increasing take-home pay — with no down payment required.
Why Connect Astrafin with Xoxoday Empuls
Integrating Astrafin with Xoxoday Empuls lets organizations offer a high-value, tax-efficient car leasing benefit as part of their employee benefits stack — with zero financial risk to the employer. H
HR teams can extend a meaningful, tangible perk that helps employees drive better cars while saving significantly on taxes, all without disrupting payroll or increasing company costs. It's a win-win benefit that drives satisfaction and retention, especially for mid-to-senior level employees.
Benefits
For HR Teams
Zero employer liability: Astrafin evaluates the corporate entity's credibility — not individual employees — before approving leases.
No additional cost to the company: Lease rentals are structured within the employee's existing CTC, keeping employer costs unchanged.
Attract and retain senior talent: A car leasing benefit adds significant perceived value to compensation packages.
Simple, scalable rollout: One master agreement covers the entire eligible workforce with minimal administrative overhead.
For Employees
Save up to 30% on taxes: Lease rentals are deducted from pre-tax salary, directly reducing taxable income.
No down payment required: Employees can drive a brand-new car with no upfront financial commitment.
Drive a better car for less: For the same monthly outflow as a car loan EMI, employees can lease a higher-value vehicle.
All-inclusive lease rental: Monthly payments typically cover financing, road tax, registration, insurance, and maintenance.
Flexible end-of-lease options: At the end of the lease term, employees can upgrade to a new car or purchase the current one at residual value.
Employee's choice of car: Employees select the car they want, subject to the organization's car policy and eligibility criteria.
How Employees Can Use Astrafin
CTC Car Leasing: Structure a brand-new car lease within the employee's existing CTC — lease rentals are deducted from pre-tax salary each month, reducing taxable income and boosting take-home pay, with no down payment and all expenses bundled into one monthly rental.
SmartEPP — Device Leasing: Extend the same tax-saving CTC leasing model to smartphones and laptops — employees get access to premium devices with lease rentals deducted from pre-tax salary, with employers able to claim GST Input Tax Credit (ITC) on lease payments.
End-of-Lease Car Upgrade: At the end of the lease term, employees can seamlessly upgrade to a new vehicle of their choice, keeping them in the latest models without any lump-sum financial commitment.
Car Purchase at Residual Value: Employees who wish to own their leased car at the end of the term can purchase it at the pre-agreed residual value — which, under certain tri-party structures, can be as low as 5–10% of the car's original price.
Salary Structuring Advisory: Astrafin works with HR and finance teams to structure eligible CTC components correctly, ensuring compliance with tax rules and maximizing the benefit value for each employee band.
Co-Sponsor & Deliver Astrafin Benefits at Scale
Procure Astrafin car leasing plans for your eligible workforce and roll them out through Xoxoday Empuls — making tax-smart car leasing a core part of your employee benefits package. Follow the steps below to activate Astrafin for your organization.
Step-by-Step Setup for Admins
Step 1: Log in to Empuls
Click on Reports & Admin to land on the Admin Dashboard.
Step 2: Go to Program Settings
Navigate to Program > Manage Benefits > Financial Benefits.
Step 3: Select Astrafin
From the list of wellness partners, choose Astrafin.
Step 4: View Available Packages
Browse the Astrafin car leasing and asset leasing plans available for your organization.
Step 5: Fill in the Employee Details
Enter the number of employees eligible for the benefit.
Provide work email addresses.
Add phone numbers for coordination.
Step 6: Send an Enquiry
Click Enquire.
Our team will get back to you with pricing and plan details. Packages can be customized to your organization's car policy, employee eligibility bands, and CTC structure.
Step 7: Confirm the Requirement
Our team will connect with you, confirm pricing and requirements, and activate the Astrafin benefit for all eligible employees.
Support
For setup or usage assistance, contact us at [email protected].