Versions Compared
Key
- This line was added.
- This line was removed.
- Formatting was changed.
Overview
| align | justify |
|---|
Optima Books &
PeriodicalsPeriodicals Card is a completely paperless and digital
cardsolution designed to help
organizations to get tax exemption on books & periodicals expense.This benefit is extended by employer to employees for purchasing newspapers, magazine, books and periodicals which are related to the profession of the employee. HR needs to load currency into the employee’s Books & Periodicals card prior to issue the card toorganisations provide payroll benefits to employees against books and periodicals purchases. Organisations can determine monthly or fiscal limits for their employees. An employee can redeem the card balance
of their the cardagainst
booksBooks &
periodicalsPeriodicals expense to save income tax.
It is mandatory for the employees to submit the bills as evidence. Limit of reimbursement for driver salary varies with the different organization.
| Info |
|---|
The entire program can be customized to suit your company's policy. |
| Note |
|---|
Zeta doesn’t own any tax accounting responsibility on corporate conveyance allowances. It is recommended to organizations 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:
Cumbersome claim process.
- Housekeeping the manual
- bills manually 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
Key Features
An array Arrays of features of Books & Periodicals Card areCard features are:
Provides web interface for HR professionals and mobile app interface interfaces for employees which is are available in android, iOS and windows versions.
Enables HR to create and manage Driver Salary Card books & periodicals card orders with a provision of using custom configurations.
Enables employers employers to revoke unused amount of the card.
Enables employees to upload bills for reimbursements.
- Enables employees to view and analyze analyse every transaction data and invoices.
Key Benefits
Book Books & Periodicals Cardcard delivers the following benefits for :-
For employers:
- Streamlines the overall reimbursement process .
- digitally
- Provides easy
- a flexible option for customisation
- Provides provision for digitally verified and signed bills for approval
- Provides an effortless way of managing employees' accounts digitally .
Optima Driver Salary Card delivers the following benefits for employees:
Eliminates the need of manual bill submission since it is a prepaid instrument.
Provides a secure and easy - Mitigates human errors
- Eliminates logistic cost
For employees:
- Provides both online and offline payment option
- Provides an option of paying by any denomination
- Eliminates the need for manual bill submission and last-minute hassle of collecting bills
- Eliminates the process of storing and procuring bills
- Provides a secure and effortless way to use and redeem books & periodicals
- Books & Periodicals Card's balance to save tax .
- Provides premium customer support.
n employer to an employee for purchasing newspapers, books and periodicals which are related to and/or aid in the profession of the employee. Therefore employee can purchase the aforementioned goods and submit bills for reimbursement. Zeta Books & Periodicals Benefits follows the reimbursement model.
| Panel | ||||||
|---|---|---|---|---|---|---|
|