Amplite Purchase Program (APP)

Purpose

The Amplite Purchase Program (APP) is designed to allow Amplites to purchase devices for professional development as part of their Compensation (Cost to Company – CTC) with associated tax benefits as per applicable laws.

The program supports the allocation of part of an Amplites grade allowances towards Professional Development Reimbursement, which facilitates the purchase of devices (as listed in Annexure A) to aid in professional growth and job performance.

Scope & Eligibility

  • Full-time, permanent Amplites with a minimum of 6 months of continuous service at Ample are eligible to participate.
  • All Amplites are eligible for the Amplite Purchase Program but this program is more beneficials to higher tax brackets.
  • The program applies to the list of products outlined in Annexure A.
  • Amplites who are on probation or part-time status are not eligible to participate in the APP.
  • Eligibility for program participation will be determined by HR at their discretion.

Product Eligibility

  • Amplites may purchase one unit of each product per financial year.
  • The total value of purchases under the program will be based on the CTC eligibility of the Amplite, as decided by HR on a case-by-case basis.
  • There is no specific limit on the product purchase value, but the tax exemption will be limited by the CTC eligibility.
  • Discounts on the product will not apply if the product was purchased earlier in the same financial year under the “Amplite Discount Policy.” However, tax exemptions will still apply for eligible purchases.

Purchase Procedure

    • Interested Amplites must submit a purchase request to HR by completing the application form in Annexure B (via Zoho).
    • All purchase requests will be reviewed and approved by HR Operations Head through the Zoho platform Discount Form. 
    • The product must be purchased at the MRP (inclusive of GST), with any applicable Amplite discounts applied. 
    • Upon approval, the Amplite can proceed to purchase the product from Ample stores/Ample E-Commerce /B2B.
Option A: 
      • Amplites can make an upfront payment (this option allows for the benefits from banks on credit/debit card payments). 
      • The invoice must be submitted to HR for reimbursement or tax benefit claims. 

Option B: 

    • Amplites may opt for credit purchases (subject to HR approval). 
    • Payments can be made in monthly instalments (maximum of 6 instalments), subject to HR’s approval.

Tax Benefit

  • Tax benefits under this program are available for Amplites who fall under taxable salary brackets. 
  • Amplites who are not in taxable salary brackets wouldn’t have any tax benefits under the program. 
  • The maximum tax benefit available will be 30% of the product value, based on the applicable tax slab. 
  • For maximum tax benefits within the financial year, payments must be completed by the end of the financial year (for credit purchases).

Return and Exchange Policy

  • No returns or exchanges will be permitted, except for faulty or defective items.
  • Defective items must be reported to HR within 2 days of receipt for a replacement.

Abuse of the Scheme

  • Ample reserves the right to cancel or limit any Amplite’s eligibility to participate in the program if misuse or abuse of the program is found. 
  • Fraudulent activity or misuse of the scheme will be treated as a violation of company policy and may result in disciplinary action.

Program Termination or Exit

  • An Amplite leaving the company or terminating their employment before completing payment for the device will be required to settle any outstanding amounts. 
  • If an Amplite leaves mid-year, they are still required to submit the necessary documentation (such as invoices) for the devices they purchased under the APP. This might be to ensure that the tax exemptions are properly applied.

Amendments to the Policy

  • Ample reserves the right to amend, modify, or terminate the Amplite Purchase Program at any time with prior notice. 
  • Any changes to the policy will be communicated to all eligible Amplites via email or other official communication channels.
Annexure A

SL No

Eligible Product Categories

1.

Smartphones & Accessories

2.

Laptops/Desktops & Accessories

3.

Tablets

Annexure B – APP Application Form ( Zoho )

Login to Zoho Portal → Amplite Benefits → Discount Form → Select the Category → Fill the product details → Submit for approval

Frequently Asked Questions (FAQs)

a) Who is this scheme suited for?

The APP is best suited for Amplites with tax liabilities, as it offers savings by reducing taxable salary. The tax benefit is more significant for those in higher tax slabs.

b) Will the value of the product be included in my CTC? 

Yes, the amount spent under the APP will be deducted from your Grade allowance in the CTC. 

c) Where can I purchase the product?

Once approved by HR, the purchase can be made from Imagine stores.

d) Can I have a sample calculation for eligibility and benefits?

Yes, an illustrative working can be provided to show approximate tax savings. 

e) Can a single purchase be utilized across multiple financial years?

No, the tax benefits are only applicable within the current financial year. 

f) At what price will I get the product at stores? 

The price will be the prevailing retail price at the time of purchase, but tax benefits are capped by the CTC eligibility. 

g) Can I apply an Amplite discount along with the APP? 

Yes, you can get the Amplite discount, as per the Amplite Discount Policy. 

h) Can I purchase the product online? 

Yes, Amplites can buy products via Ample’s online portal and submit the invoice to HR for tax benefit claims.

i) Can I buy the same product under both the Amplite Discount Policy and the APP?

Yes, but you cannot receive discounts for the same product under both schemes. However, you can claim tax benefits under the APP if eligible. 

j) What is the tax treatment for Professional Development Allowance?

Expenses submitted under the allowance (such as receipts) will be exempt from tax, while unspent or undocumented amounts will be included in taxable income.