MagicalPanda
MagicalPanda

Flexi Benefit Plans or reimbursements

A lot of my friends have opted for FBP benefits and they product bills for Car lease, driver’s salary, vehicle maintenance, etc which are not genuine. How safe it is? Request some insights here please. Because this FBP seems to help employees save significant taxes.

11mo ago
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SillyDonut
SillyDonut
TCS11mo

It's fine.

Loophole like living in mom's home and saving hra taxes.

U can also avail same under car plan, major MNCs provide that

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Personal Finance
by ZestyPenguinStealth

FBP components

How do you claim for driver's salary in FBP? since PAN is not required to be given, only DL.. can one claim for it by paying to their close relatives or friends?

any experiences