hi,
hello friends, i am preparing ppt on fringe Benefits but i think somethings is still missing in this. so plz help me to make it effective. plz give ur suggestions to make it complete with all information.
thank you all.
From India, Vadodara
7hello friends, i am preparing ppt on fringe Benefits but i think somethings is still missing in this. so plz help me to make it effective. plz give ur suggestions to make it complete with all information.
thank you all.
From India, Vadodara
Hi Devansh,
Hope am not late on commenting on this ppt as this was posted in Jan'07. :).
This has come into focus on account of FBT - fringe benefit tax introduced by Hon Finance Minister P Chidambaram.
This was done as many companies were paying to employees tax free compensation and Finance Minister intented to bring them under taxation purview!..
Type of Fringe benefits:-
*Contributions paid by your employer into an approved occupational or personal pension scheme for the employee. Nearly all schemes are included cheap or free canteen meals, if these are provided for all employees, even if separate facilities are provided for different groups of employees in-house sports facilities.
*Counselling services to redundant employees
* childcare for children aged under 18
* Works buses, or subsidies to public bus services, to get employees to and from work bicycles and cycling safety equipment provided for employees to get to and from work and workplace parking for bicycles and motorcycles the loan by the employer
* Reasonable removal expenses if you have to move to take up a new job or are transferred by your employer
* Genuine personal gifts given for reasons unconnected with the job, for example, retirement gifts other than cash, or wedding gifts
gifts, other than cash, that you receive from someone other than your employer, for example, seats at sporting or cultural events, or club membership.
* C&B containing heads like professional developmemt allowance.
Please clarify as am not clear that you have mentioned "Payment for time not worked" ?
Regards,
Rajat Joshi
From India, Pune
Hope am not late on commenting on this ppt as this was posted in Jan'07. :).
This has come into focus on account of FBT - fringe benefit tax introduced by Hon Finance Minister P Chidambaram.
This was done as many companies were paying to employees tax free compensation and Finance Minister intented to bring them under taxation purview!..
Type of Fringe benefits:-
*Contributions paid by your employer into an approved occupational or personal pension scheme for the employee. Nearly all schemes are included cheap or free canteen meals, if these are provided for all employees, even if separate facilities are provided for different groups of employees in-house sports facilities.
*Counselling services to redundant employees
* childcare for children aged under 18
* Works buses, or subsidies to public bus services, to get employees to and from work bicycles and cycling safety equipment provided for employees to get to and from work and workplace parking for bicycles and motorcycles the loan by the employer
* Reasonable removal expenses if you have to move to take up a new job or are transferred by your employer
* Genuine personal gifts given for reasons unconnected with the job, for example, retirement gifts other than cash, or wedding gifts
gifts, other than cash, that you receive from someone other than your employer, for example, seats at sporting or cultural events, or club membership.
* C&B containing heads like professional developmemt allowance.
Please clarify as am not clear that you have mentioned "Payment for time not worked" ?
Regards,
Rajat Joshi
From India, Pune
:D Hallo Devansh
1. The ppt on Fringe Benefits will look more wholesome, if following aspects can further be added ;-
(a) Hyperlink each type of fringe benefit with various forms ie in kind or cash for example " Employee Security" to have slide giving the details such as- Retrenchment Compensation and Lay Off Compensation .
(b) Imposition of Tax on these FBs have become an issue itself, so may add a new slide giving the details of these Taxes.
(c) FBs relate to the concept living wages to a large extant, so it may be given due importance.
2. Plz review your ppt format and Email the final version at "
.
Regards
Ramesh Gautam
MBA(HR)
LNMI- Patna
1. The ppt on Fringe Benefits will look more wholesome, if following aspects can further be added ;-
(a) Hyperlink each type of fringe benefit with various forms ie in kind or cash for example " Employee Security" to have slide giving the details such as- Retrenchment Compensation and Lay Off Compensation .
(b) Imposition of Tax on these FBs have become an issue itself, so may add a new slide giving the details of these Taxes.
(c) FBs relate to the concept living wages to a large extant, so it may be given due importance.
2. Plz review your ppt format and Email the final version at "
Regards
Ramesh Gautam
MBA(HR)
LNMI- Patna
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Compensation and benefits.ppt