Card use case: Employee Benefits and Reimbursement

Employee Financial Wellness through Allowances, Incentives, Benefits and Reimbursements

To make the employees feel valued, it is important that the organisation takes extra care and effort to provide benefits to them. This brings overall happiness to the employee as it makes the employee feel special and additionally also helping the employee in saving on taxes and providing overall wellness.

For decades employee allowances (also called fringe benefits) were provided by companies to their employees. This is on top of the salary that is paid into the employee bank account (salary account in case of larger organisation).

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How can you benefit from the Paysack Desk?

Benefits form an integral part of employee value proposition. Employers often spend around 20% of the payroll for employee benefits. But the way these benefits are structured and delivered to the employees haven’t seen a change for the last few decades.
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Reimbursement on Newspaper, Books and Periodicals are Tax Exempted on actuals

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”