Unknown macro: {style}

.page-metadata

Unknown macro: {display}

Page tree
Skip to end of metadata
Go to start of metadata

You are viewing an old version of this page. View the current version.

Compare with Current View Page History

« Previous Version 8 Next »

The Zeta Asset Card is a digital tax benefit card designed to help corporates to manage the movable assets purchase program for employees. Corporates can issue asset cards to employees to disburse and approve various asset related allowances electronically as per company policy and as defined in the IT taxation rules. The recommended or allowed asset types are electronic gadgets such as laptops, tablets, and smartphones for office use only. The entire program is flexible and customized to suit your corporate policy and also enables employees to increase their take-home salary, thus minimizing their overall tax burden.

In an organization scenario, HR would need to create an asset card program and then load currency into the employee’s asset card using Zeta Optima platform every month. You may also set or define a range of gadgets to choose from as well as merchants or e-commerce portals to buy from. An employee can redeem asset cards against gadget purchases and then upload the bill evidences using the Zeta app to avail income tax benefits as per IT guidelines.

Potential Challenges Zeta Addresses

Some challenges that we are trying to overcome are:

  • Cumbersome and manual asset purchase claim process

  • No visibility and transparency in asset purchases

  • No tool to analyse the asset card usage

  • Lack of cloud storage for housekeeping the bills digitally 

  • High probability of losing the asset bills in case of physical storage

  • Manual verification, audit, approval and delay in payment settlement

Key Features

An array of features of Optima asset platform are:

  • Provides web interface for HR professionals to access corporate benefit platform

  • Provides web interface and mobile app interface for employees which is available in android, iOS and windows versions.

  • Enables HR to create and manage fuel card orders with provision of using custom configurations.

  • Provision of revoking unused asset card amount

  • View and analyze every transaction data and invoices. For example, viewing all asset debit and reversal transactions

  • Enables employees to upload the asset purchase claim for reimbursements

Asset card is valid for a fiscal year unless otherwise specified by the organization.

Key Benefits

The Optima asset platform delivers the following benefits:

  • Digital and intuitive interface streamlining the overall asset purchase claim management

  • Ease of managing employee asset accounts electronically

  • Ease of accessing e-commerce portals from Zeta app to buy electronic gadgets

  • Eliminate the need of manual bill submission since it is a prepaid instrument

  • Secure and easy to redeem and submit supporting billis using Zeta app

  • Premium customer support
  • No labels