Overview
Zeta Optima Books & Periodicals Card is a comprehensive tax benefit program that your organization grants for books and periodicals expenses every month based on the company’s policy and IT guidelines. The amount loaded into the card is non-taxable. The Optima Books & Periodicals Card allows employees to pay, upload, manage and review the books & periodicals bills using the Zeta App interface. It is mandatory for the employees to submit the bills as evidence to get tax benefit on their purchase, be it allowance or reimbursement model.
Useful Facts
A few facts to remember:
Any unclaimed amount in Books & Periodicals Card in a fiscal year would be treated as a taxable component. In this case, you receive the amount after the tax deduction.
By default, Books & Periodicals vouchers are valid for 3 years. It can be customized as per the organisation's policy.
- Reimbursement is valid for one year.
There is no limit set by the Income Tax department on this. However, an organization can choose to set a limit for their employees according to their company policy.
Reason for Declination
A few reasons for declination of submitted bills:
- If you submit bills from last fiscal year.
- If submitted bill are blurred, faded, tampered or overwritten.
Before You Begin
Ensure the following:
You’ve received an Optima Books & Periodicals Card from your HR/Admin.
Your email ID must be verified to receive the credits, if vouchers are issued on your email ID.
You must have sufficient balance in your Books & Periodicals Card to get a reimbursement.
Books & Periodicals Working Flow
Optima Books & Periodicals Card provides a simple and hassle-free workflow to get reimbursement against books & periodicals expenses. The workflow is:
- Receive a Zeta Books & Periodicals Card from your HR.
- Shop your books and periodicals using the Zeta app or Zeta Super Card
- Upload the valid and legible bill of your purchase
Using The Zeta Platform
Under the Home tab, in the cards section, your active Books & Periodicals card appears as shown below:
Using the Zeta platform, you can perform the following tasks: