Employers in India gift their employees in cash or kind. These gifts are perquisites that an employee receives from his/her employer other than wages or salary. It is usually linked to performance or is a way for an employer to provide a gift during a festival.
Communication Allowance is a personal employee benefit that is provided to an employee to meet mobile phone and internet recharge expense.
Medical expenses form one of the biggest spends for individuals and families in India today. The current day workstyle and general lifestyle had led to an increase spends on health and well being. The government identifies this expense and thus wants to provide employees with benefits on their medical expenditures.
Continue reading “Did you know Employees get tax benefit on Medical Reimbursement of up to ₹15000 per annum?”