Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1117

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 2
Chunk 1117
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.00% 
     85.68%
  
    Rate of increase in compensation levels - staff 
     12.98% 
     12.63%
  
    Rate of increase in compensation levels - independent service provider* 
     10.96% 
     11.43%

*Independent service provider are contract employees responsible
for maintaining the fleet of the Company.

F-42

ZOOMCAR HOLDINGS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

29Employee benefit plans (unfunded) (Continued)

During the year ended March 31, 2025
and March 31, 2024, actuarial gain was driven by changes in actuarial assumptions, offset by experience adjustments on present value of
benefit obligations.

The Company evaluates these assumptions
annually based on its long-term plans of growth and industry standards. The discount rates are based on current market yields on government
securities adjusted for a suitable risk premium.

Sensitivity analysis for the :

    Year ended 
    March 31, 2025  
    March 31, 2024 

    Increase  
    Decrease  
    Increase  
    Decrease 
  
    Discount rate (- / + 1%) 
    $(10,343) 
    $11,236  
    $(13,591) 
    $14,904 
  
    Salary growth rate (- / + 1%) 
     5,206  
     (5,074) 
     6,933  
     (6,668)
  
    Attrition rate (- / + 1%) 
     (2,647) 
     2,691  
     (2,864) 
     2,918 
  
    Mortality rate (- / + 10% of mortality rates) 
     (8) 
     -  
     19  
     - 

    Expected benefit payments for the year ending March 31, 

    2026 

    $82,547 
  
    2027 

     54,645 
  
    2028 

     28,571 
  
    2029 

     17,032 
  
    2030 

     11,407 
  
    Thereafter 

     110,306 
  
    Total 

    $304,508 

II.