Hi,
Hello friends, I am preparing a PowerPoint presentation on fringe benefits, but I think something is still missing in this. Please help me make it effective. Kindly give your suggestions to complete it with all the necessary information.
Thank you all.
From India, Vadodara
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7Hello friends, I am preparing a PowerPoint presentation on fringe benefits, but I think something is still missing in this. Please help me make it effective. Kindly give your suggestions to complete it with all the necessary information.
Thank you all.
From India, Vadodara
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Hi Devansh,
I hope I'm not late in commenting on this PowerPoint presentation since it was posted in Jan '07. :)
This has come into focus due to the Fringe Benefit Tax (FBT) introduced by the Honorable Finance Minister, P. Chidambaram.
This was implemented because many companies were providing tax-free compensation to employees, and the Finance Minister intended to bring these benefits under the taxation purview.
Types of fringe benefits include:
- Contributions made by the employer to an approved pension scheme for the employee, which may also cover cheap or free canteen meals for all employees, even if separate facilities are provided for different groups of employees, in-house sports facilities, counseling services for redundant employees, childcare for children under 18, transportation services such as works buses or subsidies for public transportation, bicycles and cycling safety equipment for commuting, workplace parking for bicycles and motorcycles, reasonable removal expenses for job transfers, genuine personal gifts unrelated to work such as retirement or wedding gifts, and gifts received from sources other than the employer like tickets to events or club memberships.
- Compensation and benefits (C&B) packages may include elements like professional development allowances.
Could you please clarify if you mentioned "Payment for time not worked"?
Regards,
Rajat Joshi
From India, Pune
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I hope I'm not late in commenting on this PowerPoint presentation since it was posted in Jan '07. :)
This has come into focus due to the Fringe Benefit Tax (FBT) introduced by the Honorable Finance Minister, P. Chidambaram.
This was implemented because many companies were providing tax-free compensation to employees, and the Finance Minister intended to bring these benefits under the taxation purview.
Types of fringe benefits include:
- Contributions made by the employer to an approved pension scheme for the employee, which may also cover cheap or free canteen meals for all employees, even if separate facilities are provided for different groups of employees, in-house sports facilities, counseling services for redundant employees, childcare for children under 18, transportation services such as works buses or subsidies for public transportation, bicycles and cycling safety equipment for commuting, workplace parking for bicycles and motorcycles, reasonable removal expenses for job transfers, genuine personal gifts unrelated to work such as retirement or wedding gifts, and gifts received from sources other than the employer like tickets to events or club memberships.
- Compensation and benefits (C&B) packages may include elements like professional development allowances.
Could you please clarify if you mentioned "Payment for time not worked"?
Regards,
Rajat Joshi
From India, Pune
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Hi Devansh,
The PowerPoint presentation on Fringe Benefits will look more comprehensive if the following aspects can be further added:
(a) Hyperlink each type of fringe benefit with various forms, i.e., in kind or cash. For example, "Employee Security" could have a slide giving details such as Retrenchment Compensation and Lay Off Compensation.
(b) The imposition of Tax on these Fringe Benefits has become an issue itself. Therefore, you may consider adding a new slide that provides details of these Taxes.
(c) Fringe Benefits relate to the concept of living wages to a large extent, so it should be given due importance.
Please review your PowerPoint format and email the final version to "
".
Regards,
Ramesh Gautam
MBA(HR)
LNMI- Patna
Acknowledge(0)Amend(0)
The PowerPoint presentation on Fringe Benefits will look more comprehensive if the following aspects can be further added:
(a) Hyperlink each type of fringe benefit with various forms, i.e., in kind or cash. For example, "Employee Security" could have a slide giving details such as Retrenchment Compensation and Lay Off Compensation.
(b) The imposition of Tax on these Fringe Benefits has become an issue itself. Therefore, you may consider adding a new slide that provides details of these Taxes.
(c) Fringe Benefits relate to the concept of living wages to a large extent, so it should be given due importance.
Please review your PowerPoint format and email the final version to "
Regards,
Ramesh Gautam
MBA(HR)
LNMI- Patna
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Employee Benefits.doc