RetailEZ Private Limited
Regd. Office: Adventz Infinity@ 5, 502, 5th Floor, Street Number 18, BN Block, Salt
Lake Sector-V, Bidhan Nagar, Kolkata-700091
CIN: U52602WB2021PTC248134, Phone: +91-33-48026282
FLEXI BENEFIT PLAN
Objective
The Flexi Benefit Plan allows team members to choose the benefits they want from a package
of flexi options.
Scope
This policy is applicable to all team members.
Flexi Benefit Basket
Flexi Option Capping Remarks
Food Coupons Rs. 3900- per month Sodexo meal card would be issued
This is available for the employees opting for
As per Financing
Annual car lease rentals car financing lease option (to be followed as per
scheme
Car lease policy)
Fuel Reimbursement, Vehicle To be claimed against submission of
Upto Rs. 3,60,000/-
Maintenance, Insurance / Car proper/original bills; unclaimed amount would
per annum (including
Hire Charges or other related be paid during the end of financial year after
GST & all taxes)
car expenses deducting applicable tax
Driver salary payment receipt to be shared to
Upto Rs. 3,60,000/-
claim the same; unclaimed amount would be
Driver's Salary per annum (including
paid during the end of financial year after
GST & all taxes)
deducting applicable tax
LTC can be claimed twice in a block of 4 years; if
8.33% of the Basic not claimed then the amount would be carried
pay p.a.; maximum forward to the next financial year until and
Leave Travel Concession (LTC)
amount is Rs. unless the team member writes to us in the
60,000/- pa month of February to pay the amount after
deduction applicable tax
National Pension Scheme (NPS) 10% of Basic Salary
Wifi / Internet 48000 per annum. On submission on actual bills in HRMS.
Maximum limit of 50 As per IT Rule: Section 10(14) read with rule
Books & Periodicals
Lac per annum 2BB€ these allowances are granted for
Maximum limit of 50 encouraging the academic, research and
Learning & Development
Lac per annum training pursuits in educational and research
institutions;"
Accordingly, allowances towards books &
periodicals and learning & development may be
RetailEZ Private Limited
Regd. Office: Adventz Infinity@ 5, 502, 5th Floor, Street Number 18, BN Block, Salt
Lake Sector-V, Bidhan Nagar, Kolkata-700091
CIN: U52602WB2021PTC248134, Phone: +91-33-48026282
exempt from tax, subject to the following
conditions:
1) RetailEZ to be able to substantiate that the
expenses are wholly, necessarily and exclusively
incurred in connection with he employee's
performance of his / her duties;
2) Maintaining relevant backup documents to
substantiate that such expenses were actually
incurred by the employee in any course /
programme with any educational and research
institution.
Note:
1. Please check your Special Allowance Amount and accordingly opt for Flexi Options, as the total
flexi options cannot be higher than the special allowance.
2. In case of employees not opting for Car lease scheme, the flexi benefit of Fuel, Repair &
Maintenance and Driver’s salary will be processed on submission of the bills along with the log
book, detailing the business usage of the personal car, with the HRMS on month end.( log book
Format attached)
3. . In case of employees not opting for Car lease scheme, RC copy of the car has to be submitted
with the company at the time of opting for Flexi benefits. RC should be under the employees
name only.
Guidelines for submission of bills
For driver’s salary - salary receipt /voucher with revenue stamp is required along
with receiver's signature, date and month for which salary is paid. You can use the
format shared in this policy document. Incase of digital payment , revenue stamp
may not required.
RC copy should be shared to claim Vehicle Maintenance/Insurance, and the vehicle
should be in team member's name. Proper Tax Invoice is required with bill number,
date, GST number & GST working to claim vehicle maintenance/insurance.
Fuel bills should have Bill/Invoice number, date mentioned.
All bills should be dated on or after your date of joining.
Process to claim
The window for submitting Flexi reimbursement bills is 1st to 5th of every month, and the
payout for the same would happen on 15th of every month (subject to approval of bills).
You need to login to your HRMS and upload scanned copy of the bills
All bills would be verified as per the guidelines and approved for payout.
RetailEZ Private Limited
Regd. Office: Adventz Infinity@ 5, 502, 5th Floor, Street Number 18, BN Block, Salt
Lake Sector-V, Bidhan Nagar, Kolkata-700091
CIN: U52602WB2021PTC248134, Phone: +91-33-48026282
Driver Salary Receipt
Received Rs. ................../- (Rupees ............................................................................................
................................................................only) from Shri. / Smt. ........................................ for
driving his / her vehicle No. ....................................... during the month of ......................
20.............
Signature of Driver ( with revenue
Stamp)
Name : ...................................................
Driving License No………...........................
Date:
Place:
