Optima Driver Salary Card is a digital card designed to help organisations to get tax exemption on driver salary. HR needs to load currency into the employee’s driver salary card prior issuing the card to employees. An employee can redeem the balance of their driver salary card against driver salary expense to save income tax.
Driver Salary Card can be provided when the company does not provide office transport. Limit of reimbursement for driver salary varies with the different organization. A maximum tax exempt limit for driver salary is 900 per month.
Zeta doesn’t own any tax accounting responsibility on corporate conveyance allowances. It is recommended to organisations to adhere to the IT guidelines to deal with both conveyance allowance and reimbursement of driver salary expenses.
Potential Challenges Zeta Addresses
Some challenges that we are trying to overcome are:
Housekeeping the manual bills and high probability of losing the bills
Manual verification, approval, and delay in payment settlement
Tiresome and manual entries to initiate claims
Loads of paperwork, printing, and submission of bills
Overall cumbersome claim process
Arrays of the feature of Driver Salary Card Card are:
Provides web interface for HR professionals and mobile app interface for employees which is available in android, iOS and windows versions.
Enables HR to create and manage Driver Salary Card orders with a provision of using custom configurations.