Is your salary structure tax inefficient? Take home salary can increase by Rs 1 lakh annually if benefits optimised, says study

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Times of India 4d ago

Is your salary structure tax inefficient? Take home salary can increase by Rs 1 lakh annually if benefits optimised, says study - Times of India

Quick Summary:

A Pluxee India study suggests that optimizing benefits packages could potentially increase employees' annual take-home salaries by approximately Rs 1 lakh.

This leads to lower take-home pay for employees, the study, which is based on email responses from over 16,000 executives across various departments in 97 companies says.

Sarkar suggested, "A solution where employees can take a photo of the bill and submit it with one click on an app, with quick validation, can significantly improve the experience." He emphasized that the main challenges are compliance, ease of bill submission, and tracking, which can be effectively addressed by streamlining these processes using technology.