Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1711

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 5
Chunk 1711
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 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. Compensated absences

The employees are permitted to encash
a maximum of 45 days of accumulated leave balance on separation. The Company has provided liability for compensated absences as per an
actuarial valuation carried out by an independent actuary as of the Balance Sheet dates. The amount of compensated absences cost is $37,723
for year ended March 31, 2025 ($139,965 for year ended March 31, 2024).

III. Defined contribution plan

The Indian subsidiary makes provident
fund contributions which are defined contribution plans, for qualifying employees. Under the Schemes, the Indian subsidiary is required
to contribute a specified percentage of the payroll costs to fund the benefits. The contributions are made to provident fund in accordance
with the fund rules. The interest