Employees are always expected to keep abreast with the latest happenings and trends related to their profession e.g. Information Technology, AI, Automobile, legal, finance, medical etc. Continue reading “Reimbursement on Newspaper, Books and Periodicals are Tax Exempted on actuals”
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.
Are you using paper-based coupons or vouchers for your Employees? Have you considered using a digital payment solution for the same? Digital payments account for 22% of all transactions in India. About 15% of Companies within India have opted for Digital Payments to issue the popular tax saving Meal Vouchers.