A Viral LinkedIn post said that the co-founder of Zerodha, Nithin Kamath, offered more than 20 luxury cars to his best employees in 2023. The educator in finance Minal Udeshi described him as genius in “strategic compensation”. Everyone loved it. Smart boss. Fresh advantages. Warned of taxes.
There was only one problem.
Kamath says it never happened.
“What !!! Unless there are other Zerodha Nithin Kamath, it is certainly not true,”
Kamath commented, closing speculation in a single line.
But not before the position has already sparked a full discussion on richness, taxes and the art of rewarding the most efficient.
Here is what Udeshi originally wrote:
“In 2023, the Indian billionaire Nithin Kamath of Zerodha offered more than 20 luxury cars to the best employees.
Not bonuses. BMWS. AUDIS. Mercedes. “”
She supervised the alleged gift not as extravagance but as a strategic financial decision.
“A car, gifted as a non -monetary advantage, often attracts lower taxes than salary,” wrote Udeshi.
“AG Depreciate an asset?” Yes. But when bought in a company, can be claimed as an expense. ”
“No dividend tax. No paper will. No annual tax report chaos. “
“And more importantly – emotionally memorable in a way that no pay is never.”
She painted an image of a gaming book of the remuneration of the new age – where emotional impact, fiscal efficiency and retention meet.
“While the middle class counts on the end-of-year assessments, the ultra-rich strengthen loyalty and move it from the money in an intelligent, legal and … well, parked in the aisle.”
“It’s not just a gift.
This is strategic compensation. »»
“These are not always larger bank accounts.
Sometimes it’s about how to spend more intelligent and let everyone smile. »»
